NY State Senate Bill 2017-S6830B

Senate Bill S6830B

2017-2018 Legislative Session

Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents

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Archive: Last Bill Status - In Senate Committee Transportation Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 12, 2018	print number 6830b
Feb 12, 2018	amend (t) and recommit to transportation
Jan 03, 2018	referred to transportation
Jun 28, 2017	print number 6830a
Jun 28, 2017	amend (t) and recommit to rules
Jun 27, 2017	referred to rules

Bill Amendments

Original

B (Active)

2017-S6830 - Details

See Assembly Version of this Bill:: A8956
Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §§1205 & 2799-hh, add §1270-i, Pub Auth L; add §1304-E, amd §§1310 & 1313, Tax L; add §11-1704.2, amd §11-1706, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:: 2019-2020: S3246, A2743
2021-2022: S1194, A4434
2023-2024: S602, A4474

2017-S6830 - Summary

Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents.

2017-S6830 - Sponsor Memo

                                 BILL NUMBER:  S6830

 TITLE OF BILL :

An act to amend the public authorities law, in relation to providing
for the appointment of an emergency manager for the metropolitan
transportation authority, and providing for his or her powers and
duties; to amend the tax law, in relation to establishing personal
income tax rates and a tax table benefit recapture for taxpayers who
reside in the metropolitan commuter transportation district and
establishing a metropolitan transportation authority hotel unit fee in
the city of New York; to direct the comptroller to transfer moneys in
the general fund to the MTA financial assistance fund; and providing
for the repeal of certain provisions upon expiration thereof

 PURPOSE :

This bill would provide the necessary revenue and oversight to rechart
the course of the MTA to improve reliability and safety.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 2 amends the public authorities law, adding a new section
1263-a to create the position of emergency manager for the MTA,
requiring confirmation of both houses of the legislature and the
submission of a turnaround plan for the MTA

Sections 3, 4, and 5 establish personal income tax rate increases for
millionaires in the mctd region

Section 6 establishes the tax table benefit recapture for the mctd

Sections 7, 8, 9, and 10 establishes a hotel unit fee surcharge for
rooms in New York City with revenue dedicated to the MTA

Section 11 directs the comptroller to deposit proceeds from the
personal income tax increase in to the MTA financial assistance fund

 JUSTIFICATION :

Commuters in the New York City metro area are fed up. Due to constant
problems with the various components of the MTA, commuters are, at
best, a few minutes late for work, and at worst, trapped in tunnels
for hours on-end. The MTA is simply not addressing the critical issues
facing commuters.

Bold action is needed both in the funding and management of the MTA.
The Emergency Manager will develop a plan to ensure that the MTA is
focusing on critical needs of the system, prioritizing the projects
that improve on-time performance, reliability and safety.
Additionally, the MTA spends a large portion of its budget on debt
service for projects completed decades ago. This legislation provides
two new dedicated revenue streams to get the MTA on more solid fiscal
ground as it implements a turnaround plan over a 3-year period. This
will ensure that not only will the MTA have the money to take action,
and ensure long term financial stability.

 PRIOR LEGISLATIVE HISTORY :

New Bill

 FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS :

More than $2 billion in new revenue for the MTA

 EFFECTIVE DATE :
Immediately, provided that sections 7, 8,9 and 10 shall take effect
January 1, 2018 and sections 1, 2, 7, 8, 9 and 10 will sunset January
1, 2021.

2017-S6830 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6830
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               June 27, 2017
                                ___________
 
 Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the public authorities law, in relation to providing for
   the appointment of an emergency manager for the metropolitan transpor-
   tation authority, and providing for his or her powers and  duties;  to
   amend  the  tax  law,  in relation to establishing personal income tax
   rates and a tax table benefit recapture for taxpayers  who  reside  in
   the  metropolitan  commuter transportation district and establishing a
   metropolitan transportation authority hotel unit fee in  the  city  of
   New  York; to direct the comptroller to transfer moneys in the general
   fund to the MTA financial  assistance  fund;  and  providing  for  the
   repeal of certain provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "better trains, better cities act of 2017".
   §  2.  The  public  authorities law is amended by adding a new section
 1263-a to read as follows:
   § 1263-A. EMERGENCY MANAGER. 1. THERE IS HEREBY ESTABLISHED THE OFFICE
 OF EMERGENCY MANAGER OF THE AUTHORITY. SUCH MANAGER  SHALL  OVERSEE  THE
 AUTHORITY,  AND  IMPLEMENT THE PLAN ESTABLISHED BY THE EMERGENCY MANAGER
 SUBMITTED TO EACH HOUSE OF THE LEGISLATURE  DURING  THE  COURSE  OF  THE
 CONFIRMATION OF THE EMERGENCY MANAGER.
   2.  THE  EMERGENCY  MANAGER OF THE AUTHORITY SHALL BE APPOINTED BY THE
 GOVERNOR, SUBJECT TO SEPARATE CONFIRMATION BY EACH OF THE HOUSES OF  THE
 LEGISLATURE. SUCH CONFIRMATIONS SHALL BE COMPLETED WITHIN NINETY DAYS OF
 THE  EFFECTIVE  DATE OF THIS SECTION; PROVIDED, HOWEVER, THAT UPON NOMI-
 NATION BY THE GOVERNOR, EACH NOMINEE FOR EMERGENCY MANAGER SHALL DEVELOP
 AND SUBMIT TO THE LEGISLATURE, PRIOR TO HIS OR HER CONFIRMATION, A  PLAN
 OUTLINING  HOW  THE  NOMINEE,  IF  CONFIRMED,  WILL  EXPEDITE REPAIRS TO
 AUTHORITY FACILITIES AND EQUIPMENT,  EXPAND  CAPACITY,  AND  ENSURE  THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13277-03-7

 S. 6830                             2
 
 RELIABILITY AND SAFETY OF THE AUTHORITY FACILITIES AND EQUIPMENT AND THE
 SERVICES PROVIDED THEREBY. NO NOMINEE SHALL BE CONFIRMED UNTIL SUCH PLAN
 SHALL HAVE BEEN RECEIVED AND REVIEWED BY EACH HOUSE OF THE LEGISLATURE.
   3. THE EMERGENCY MANAGER SHALL HAVE ALL THE POWERS OF THE BOARD OF THE
 AUTHORITY  AS  THEY RELATE TO EXPEDITING REPAIRS TO AUTHORITY FACILITIES
 AND EQUIPMENT, EXPANDING CAPACITY, AND ENSURING RELIABILITY  AND  SAFETY
 OF THE AUTHORITY FACILITIES AND EQUIPMENT AND SERVICES PROVIDED THEREBY,
 AND SHALL IMPLEMENT THE PLAN HE OR SHE SUBMITTED TO THE LEGISLATURE. THE
 EMERGENCY  MANAGER'S AUTHORITY TO IMPLEMENT HIS OR HER PLAN SHALL SUPER-
 SEDE THE AUTHORITY OF THE BOARD OF  THE  AUTHORITY,  UNLESS  SUCH  BOARD
 SHALL  BY  A  VOTE  OF  TEN  VOTING MEMBERS THEREOF OVERRIDES A SPECIFIC
 ACTION OF THE EMERGENCY MANAGER.
   § 3. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection (a) of section 601 of the tax law, as added by section  1  of
 part  R  of  chapter  59  of  the  laws  of 2017, are amended to read as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable
                                       income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $43,000     $1,202 plus 5.9% of excess over
                                       $27,900
 Over $43,000 but not over $161,550    $2,093 plus 6.33% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,597 plus 6.57% of excess over
                                       $161,550
 Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over
                                       $323,200
 Over $2,155,350                       $145,720 plus 8.82% of excess over
                                       $2,155,350
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND ESTABLISHED PURSUANT TO SECTION TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE
                                       INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.21% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,597 PLUS 6.57% OF EXCESS OVER
                                       $161,550
 OVER $323,200 BUT NOT OVER            $20,218 PLUS 6.85% OF EXCESS OVER
 $2,000,000                            $323,200

 S. 6830                             3
 
 OVER $2,000,000 BUT NOT OVER          $135,079 PLUS 8.98% OF EXCESS
 $6,000,000                            OVER $2,000,000
 OVER $6,000,000 BUT NOT OVER          $494,279 PLUS 9.08% OF EXCESS
 $11,000,000                           OVER $6,000,000
 OVER $11,000,000                      $948,279 PLUS 9.28% OF EXCESS
                                       OVER $11,000,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 Not over $17,150                      4% of the New York taxable
                                       income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $43,000 but not over $161,550    $2,093 plus 6.21% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,455 plus 6.49% of excess over
                                       $161,550
 Over $323,200 but not over            $19,946 plus 6.85% of excess over
 $2,155,350                            $323,200
 Over $2,155,350                       $145,448 plus 8.82% of excess over
                                       $2,155,350
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT  TO THE SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE
                                       INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.21% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,455 PLUS 6.49% OF EXCESS OVER
                                       $161,550
 OVER $323,200 BUT NOT OVER $2,000,000 $19,946 PLUS 6.85% OF EXCESS OVER
                                       $323,200
 OVER $2,000,000 BUT NOT OVER          $134,807 PLUS 8.98% OF EXCESS
 $6,000,000                            OVER 2,000,000
 OVER $6,000,000 BUT NOT OVER          $494,007 PLUS 9.08% OF EXCESS
 $11,000,000                           OVER $6,000,000
 OVER $11,000,000                      $948,000 PLUS 9.28% OVER
                                       $11,000,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over

 S. 6830                             4
 
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $43,000     $1,202 plus 5.9% of excess over
                                       $27,900
 Over $43,000 but not over $161,550    $2,093 plus 6.09% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,313 plus 6.41% of excess over
                                       $161,550
 Over $323,200                         $19,674 plus 6.85% of excess over
                                       $323,200
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.09% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,313 PLUS 6.41% OF EXCESS OVER
                                       $161,550
 OVER $323,200 BUT NOT OVER            $19,674 PLUS 6.85% OF EXCESS OVER
 $2,000,000                            $323,200
 OVER $2,000,000 BUT NOT OVER          $134,535 PLUS 8.98% OF EXCESS OVER
 $6,000,000                            $2,000,000
 OVER $6,000,000 BUT NOT OVER          $493,735 PLUS 9.08% OF EXCESS OVER
 $11,000,000                           $6,000,000
 OVER $11,000,000                      $947,735 PLUS 9.28% OF EXCESS OVER
                                       $11,000,000
   § 4. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection  (b)  of section 601 of the tax law, as added by section 2 of
 part R of chapter 59 of the  laws  of  2017,  are  amended  to  read  as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.33% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,344 plus 6.57% of excess over
                                       $107,650
 Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over
                                       $269,300
 Over $1,616,450                       $109,244 plus 8.82% of excess over

 S. 6830                             5
 
                                       $1,616,450
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  THE  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.33% OF EXCESS OVER
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,344 PLUS 6.57% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,964 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300
 OVER $1,605,650 BUT NOT OVER          $108,504 PLUS 8.98% OF EXCESS OVER
 $5,500,000                            $1,605,650
 OVER $5,500,000 BUT NOT OVER          $458,217 PLUS 9.08% OF EXCESS OVER
 $10,500,000                           $5,500,000
 OVER $10,500,000                      $912,217 PLUS 9.28% OF EXCESS OVER
                                       $10,500,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.21% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,253 plus 6.49% of excess over
                                       $107,650
 Over $269,300 but not over            $16,744 plus 6.85% of excess over
 $1,616,450                            $269,300
 Over $1,616,450                       $109,024 plus 8.82% of excess over
                                       $1,616,450
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT  TO THE SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.21% OF EXCESS OVER
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,253 PLUS 6.49% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,744 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300

 S. 6830                             6
 
 OVER $1,605,650 BUT NOT OVER          $108,284 PLUS 8.98% OF EXCESS OVER
 $5,500,000                            $1,605,650
 OVER $5,500,000 BUT NOT OVER          $457,997 PLUS 9.08% OF EXCESS OVER
 $10,500,000                           $5,500,000
 OVER $10,500,000                      $911,997 PLUS 9.28% OF EXCESS OVER
                                       $10,500,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.09% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,162 plus 6.41% of excess over
                                       $107,650
 Over $269,300                         $16,524 plus 6.85% of excess over
                                       $269,300
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.09% OF EXCESS OVER
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,162 PLUS 6.41% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,524 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300
 OVER $1,605,650 BUT NOT OVER          $108,064 PLUS 8.98% OF EXCESS
 $5,500,000                            OVER $1,605,650
 OVER $5,500,000 BUT NOT OVER          $457,777 PLUS 9.08% OF EXCESS
 $10,500,000                           OVER $5,500,000
 OVER $10,500,000                      $911,777 PLUS 9.28% OF EXCESS
                                       OVER $10,500,000
   § 5. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection  (c)  of section 601 of the tax law, as added by section 3 of
 part R of chapter 59 of the  laws  of  2017,  are  amended  to  read  as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over

 S. 6830                             7
 
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.33% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,793 plus 6.57% of excess over
                                       $80,650
 Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over
                                       $215,400
 Over $1,077,550                       $72,703 plus 8.82% of excess over
                                       $1,077,550
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.33% OF EXCESS OVER
                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,793 PLUS 6.57% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,646 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $72,210 PLUS 8.98% OF EXCESS OVER
 $5,000,000                            $1,070,350
 OVER $5,000,000 BUT NOT OVER          $425,093 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $879,093 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.21% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,721 plus 6.49% of excess over
                                       $80,650
 Over $215,400 but not over            $13,467 plus 6.85% of excess over
 $1,077,550                            $215,400
 Over $1,077,550                       $72,524 plus 8.82% of excess over

 S. 6830                             8
 
                                       $1,077,550
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.21% OF EXCESS OVER
                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,721 PLUS 6.49% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,467 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $72,031 PLUS 8.98% OF EXCESS OVER
 5,000,000                             $1,070,350
 OVER $5,000,000 BUT NOT OVER          $424,914 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $878,914 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.09% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,650 plus 6.41% of excess over
                                       $80,650
 Over $215,400                         $13,288 plus 6.85% of excess over
                                       $215,400
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  THE  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.09% OF EXCESS OVER

 S. 6830                             9

                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,650 PLUS 6.41% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,288 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $71,852 PLUS 8.98% OF EXCESS OVER
 $5,000,000                            $1,070,350
 OVER $5,000,000 BUT NOT OVER          $424,735 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $878,735 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   §  6. Section 601 of the tax law is amended by adding a new subsection
 (d-2) to read as follows:
   (D-2) ALTERNATIVE TAX TABLE BENEFIT RECAPTURE IN METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT.  FOR TAXABLE YEARS BEGINNING ON OR AFTER  JANU-
 ARY  FIRST, TWO THOUSAND EIGHTEEN AND BEFORE JANUARY FIRST, TWO THOUSAND
 TWENTY-ONE FOR A TAXPAYER RESIDING IN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND ESTABLISHED PURSUANT TO SECTION TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW WHOSE NEW  YORK  TAXABLE
 INCOME  IS  OVER  $2,000,000  IF THE TAXPAYER IS MARRIED FILING JOINTLY,
 OVER $1,605,650 IF  THE  TAXPAYER  IS  A  HEAD  OF  HOUSEHOLD,  OR  OVER
 $1,070,350  IF  THE  TAXPAYER  FILES  SINGLY,  THERE IS HEREBY IMPOSED A
 SUPPLEMENTAL TAX IN ADDITION TO THE TAX IMPOSED UNDER  SUBSECTIONS  (A),
 (B)  AND  (C) OF THIS SECTION FOR THE PURPOSE OF RECAPTURING THE BENEFIT
 OF THE TAX TABLES CONTAINED IN SUCH SUBSECTIONS.  DURING  THESE  TAXABLE
 YEARS,  ANY  REFERENCE IN THIS CHAPTER TO SUBSECTION (D) OF THIS SECTION
 SHALL BE READ AS A REFERENCE TO THIS SUBSECTION.
   (1) FOR SUCH RESIDENT MARRIED INDIVIDUALS  FILING  JOINT  RETURNS  AND
 RESIDENT  SURVIVING  SPOUSES,  THE  SUPPLEMENTAL  TAX SHALL BE AN AMOUNT
 EQUAL TO THE SUM OF THE TAX TABLE BENEFITS  DESCRIBED  IN  SUBPARAGRAPHS
 (A),  (B) AND (C) OF THIS PARAGRAPH MULTIPLIED BY THEIR RESPECTIVE FRAC-
 TIONS IN SUCH SUBPARAGRAPHS.
   (A) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A)  OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A) OF THIS  SECTION  LESS  THE
 SUM OF TAX TABLE BENEFITS IN SUBPARAGRAPHS (A), (B) AND (C) OF PARAGRAPH
 ONE OF SUBSECTION (D-1) OF THIS SECTION.  THE FRACTION FOR THIS SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND  DOLLARS  OR  THE  EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE
 TAXABLE YEAR OVER TWO MILLION DOLLARS AND THE DENOMINATOR IS FIFTY THOU-
 SAND DOLLARS.
   (B) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A)  OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A) OF THIS  SECTION  LESS  THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A), (B) AND (C) OF PARA-
 GRAPH ONE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFIT

 S. 6830                            10
 
 IN  SUBPARAGRAPH  (A)  OF THIS PARAGRAPH. THE FRACTION FOR THIS SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME  FOR  THE
 TAXABLE YEAR OVER SIX MILLION DOLLARS AND THE DENOMINATOR IS FIFTY THOU-
 SAND  DOLLARS.  PROVIDED,  HOWEVER, THIS SUBPARAGRAPH SHALL NOT APPLY TO
 TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A)  OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF PARAGRAPH
 (B) OF PARAGRAPH ONE OF SUBSECTION (A) OF THIS SECTION LESS THE  SUM  OF
 THE  TAX  TABLE  BENEFITS IN SUBPARAGRAPHS (A), (B) AND (C) OF PARAGRAPH
 ONE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE  BENEFITS  IN
 SUBPARAGRAPHS  (A)  AND  (B)  OF  THIS  PARAGRAPH. THE FRACTION FOR THIS
 SUBPARAGRAPH IS COMPUTED AS FOLLOWS: THE  NUMERATOR  IS  THE  LESSER  OF
 FIFTY  THOUSAND  DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME
 FOR THE TAXABLE YEAR OVER ELEVEN MILLION DOLLARS AND THE DENOMINATOR  IS
 FIFTY  THOUSAND DOLLARS.  PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL NOT
 APPLY TO TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.28 PERCENT TAX RATE.
   (D) PROVIDED, HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION  OF  ANY
 TAX  CREDITS  SHALL  NOT EXCEED THE HIGHEST RATE OF TAX SET FORTH IN THE
 TAX TABLES IN SUBSECTION (A) OF THIS SECTION MULTIPLIED BY  THE  TAXPAY-
 ER'S TAXABLE INCOME.
   (2)  FOR SUCH RESIDENT HEADS OF HOUSEHOLDS, THE SUPPLEMENTAL TAX SHALL
 BE AN AMOUNT EQUAL TO THE SUM OF THE TAX  TABLE  BENEFITS  DESCRIBED  IN
 SUBPARAGRAPHS  (A),  (B)  AND  (C) OF THIS PARAGRAPH MULTIPLIED BY THEIR
 RESPECTIVE FRACTIONS IN SUCH SUBPARAGRAPHS.
   (A) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B)  OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF THIS  SECTION  LESS  THE
 SUM  OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 TWO OF SUBSECTION (D-1) OF THIS SECTION.  THE FRACTION FOR THIS SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME  FOR  THE
 TAXABLE  YEAR  OVER  ONE  MILLION  SIX HUNDRED FIVE THOUSAND SIX HUNDRED
 FIFTY DOLLARS AND THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (B) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B)  OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF THIS  SECTION  LESS  THE
 SUM  OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 TWO OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX  TABLE  BENEFIT  IN
 SUBPARAGRAPH  (A)  OF THIS PARAGRAPH. THE FRACTION FOR THIS SUBPARAGRAPH
 IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER  OF  FIFTY  THOUSAND

 S. 6830                            11

 DOLLARS  OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE TAXABLE
 YEAR OVER FIVE MILLION FIVE HUNDRED THOUSAND DOLLARS AND THE DENOMINATOR
 IS FIFTY THOUSAND DOLLARS. PROVIDED, HOWEVER,  THIS  SUBPARAGRAPH  SHALL
 NOT APPLY TO TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (B) OF THIS SECTION LESS THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF  PARAGRAPH
 TWO  OF  SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFITS IN
 SUBPARAGRAPHS (A) AND (B) OF  THIS  PARAGRAPH.  THE  FRACTION  FOR  THIS
 SUBPARAGRAPH  IS  COMPUTED  AS  FOLLOWS:  THE NUMERATOR IS THE LESSER OF
 FIFTY THOUSAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME
 FOR  THE TAXABLE YEAR OVER TEN MILLION FIVE HUNDRED THOUSAND DOLLARS AND
 THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (D) PROVIDED, HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION  OF  ANY
 TAX  CREDITS  SHALL  NOT EXCEED THE HIGHEST RATE OF TAX SET FORTH IN THE
 TAX TABLES IN SUBSECTION (B) OF THIS SECTION MULTIPLIED BY  THE  TAXPAY-
 ER'S TAXABLE INCOME.
   (3) FOR SUCH RESIDENT UNMARRIED INDIVIDUALS, RESIDENT MARRIED INDIVID-
 UALS  FILING  SEPARATE  RETURNS  AND  RESIDENT  ESTATES  AND TRUSTS, THE
 SUPPLEMENTAL TAX SHALL BE AN AMOUNT EQUAL TO THE SUM OF  THE  TAX  TABLE
 BENEFITS  DESCRIBED  IN SUBPARAGRAPHS (A), (B) AND (C) OF THIS PARAGRAPH
 MULTIPLIED BY THEIR RESPECTIVE FRACTIONS IN SUCH SUBPARAGRAPHS.
   (A) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C)  OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF THIS  SECTION  LESS  THE
 SUM  OF  TAX  TABLE  BENEFITS  IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 THREE OF SUBSECTION (D-1) OF  THIS  SECTION.    THE  FRACTION  FOR  THIS
 SUBPARAGRAPH  IS  COMPUTED  AS  FOLLOWS:  THE NUMERATOR IS THE LESSER OF
 FIFTY THOUSAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME
 FOR  THE  TAXABLE  YEAR  OVER ONE MILLION SEVENTY THOUSAND THREE HUNDRED
 FIFTY DOLLARS AND THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (B) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C)  OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF THIS  SECTION  LESS  THE
 SUM  OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 THREE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFIT  IN
 SUBPARAGRAPH  (A)  OF THIS PARAGRAPH. THE FRACTION FOR THIS SUBPARAGRAPH
 IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER  OF  FIFTY  THOUSAND
 DOLLARS  OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE TAXABLE
 YEAR OVER FIVE MILLION DOLLARS AND THE  DENOMINATOR  IS  FIFTY  THOUSAND

 S. 6830                            12
 
 DOLLARS. PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL NOT APPLY TO TAXPAY-
 ERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (C) OF THIS SECTION LESS THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF  PARAGRAPH
 THREE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFITS IN
 SUBPARAGRAPHS  (A)  AND  (B)  OF  THIS  PARAGRAPH. THE FRACTION FOR THIS
 SUBPARAGRAPH IS COMPUTED AS FOLLOWS: THE  NUMERATOR  IS  THE  LESSER  OF
 FIFTY  THOUSAND  DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME
 FOR THE TAXABLE YEAR OVER TEN MILLION DOLLARS  AND  THE  DENOMINATOR  IS
 FIFTY THOUSAND DOLLARS.
   (D)  PROVIDED,  HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION OF ANY
 TAX CREDITS SHALL NOT EXCEED THE HIGHEST RATE OF TAX SET  FORTH  IN  THE
 TAX  TABLES  IN SUBSECTION (C) OF THIS SECTION MULTIPLIED BY THE TAXPAY-
 ER'S TAXABLE INCOME.
   § 7. The tax law is amended by adding a new section 1104-a to read  as
 follows:
   §  1104-A.  METROPOLITAN TRANSPORTATION AUTHORITY HOTEL UNIT FEE.  (A)
 IMPOSITION. IN ADDITION TO ANY OTHER FEE OR TAX IMPOSED BY THIS  ARTICLE
 OR  ANY OTHER LAW, THERE IS HEREBY IMPOSED WITHIN THE TERRITORIAL LIMITS
 OF A CITY WITH A POPULATION OF A MILLION OR MORE AND THERE SHALL BE PAID
 A UNIT FEE ON EVERY OCCUPANCY OF A UNIT IN A HOTEL IN SUCH CITY  AT  THE
 RATE  OF  FIVE DOLLARS PER UNIT PER DAY, EXCEPT THAT SUCH UNIT FEE SHALL
 NOT BE IMPOSED UPON (1) OCCUPANCY BY A PERMANENT RESIDENT OR  (2)  WHERE
 THE RENT PER UNIT IS NOT MORE THAN AT THE RATE OF TWO DOLLARS PER DAY.
   (B)  ADMINISTRATION  AND  ENFORCEMENT.  THE  UNIT  FEE IMPOSED BY THIS
 SECTION SHALL BE ADMINISTERED AND COLLECTED IN A LIKE MANNER AS THE  TAX
 IMPOSED  BY SUBDIVISION (E) OF SECTION ELEVEN HUNDRED FIVE OF THIS ARTI-
 CLE. ALL THE PROVISIONS OF THIS ARTICLE (EXCEPT SECTIONS ELEVEN  HUNDRED
 SEVEN,  ELEVEN  HUNDRED  EIGHT  AND  ELEVEN HUNDRED NINE), INCLUDING THE
 DEFINITION AND EXEMPTION PROVISIONS, RELATING TO OR  APPLICABLE  TO  THE
 ADMINISTRATION,  COLLECTION AND DISPOSITION OF THE TAX IMPOSED BY SUBDI-
 VISION (E) OF SUCH SECTION ELEVEN HUNDRED FIVE  OF  THIS  ARTICLE  SHALL
 APPLY  TO THE UNIT FEE IMPOSED BY THIS SECTION SO FAR AS SUCH PROVISIONS
 CAN BE MADE APPLICABLE TO SUCH UNIT FEE WITH SUCH LIMITATIONS AS ARE SET
 FORTH IN THIS ARTICLE, AND SUCH MODIFICATIONS AS ARE SET FORTH  IN  THIS
 SECTION  AND  AS MAY BE NECESSARY IN ORDER TO ADOPT SUCH LANGUAGE TO THE
 UNIT FEE SO IMPOSED. SUCH PROVISIONS SHALL APPLY WITH THE SAME FORCE AND
 EFFECT AS IF THE LANGUAGE OF THOSE PROVISIONS HAD BEEN  INCORPORATED  IN
 FULL  IN THIS SECTION AND HAD EXPRESSLY REFERRED TO THE UNIT FEE IMPOSED
 BY THIS SECTION, EXCEPT TO THE  EXTENT  THAT  ANY  PROVISION  IS  EITHER
 INCONSISTENT  WITH A PROVISION OF THIS SECTION OR IS NOT RELEVANT TO THE
 UNIT FEE IMPOSED BY THIS SECTION. FOR PURPOSES OF THIS SECTION, UNLESS A
 DIFFERENT MEANING IS CLEARLY REQUIRED: (1) ANY REFERENCE IN THIS ARTICLE
 TO THE TAX OR TAXES IMPOSED BY THIS ARTICLE SHALL  BE  DEEMED  TO  REFER
 ALSO  TO  THE UNIT FEE IMPOSED BY THIS SECTION; AND (2) ANY REFERENCE TO
 TAX, TAXES OR SALES TAX IN SECTION EIGHTEEN HUNDRED  SEVENTEEN  OF  THIS
 CHAPTER  SHALL  BE  DEEMED TO REFER ALSO TO THE UNIT FEE IMPOSED BY THIS
 SECTION.

 S. 6830                            13
 
   (C) TRANSITIONAL PROVISION. THE UNIT FEE IMPOSED BY THIS SECTION SHALL
 BE PAID ON ANY OCCUPANCY ON OR AFTER THE EFFECTIVE DATE OF THIS SECTION,
 ALTHOUGH SUCH OCCUPANCY IS PURSUANT TO A PRIOR CONTRACT, LEASE OR  OTHER
 ARRANGEMENT. WHERE THE CHARGE FOR OCCUPANCY IS PAID ON A WEEKLY, MONTHLY
 OR  OTHER  TERM  BASIS,  THE  OCCUPANCY SHALL BE SUBJECT TO THE UNIT FEE
 IMPOSED BY THIS SECTION TO THE EXTENT THAT IT COVERS ANY DAY ON OR AFTER
 THE EFFECTIVE DATE OF THIS SECTION.  WHERE A PERSON OCCUPIES A UNIT  FOR
 LESS  THAN  A  FULL  DAY AND PAYS LESS THAN THE RENT FOR A FULL DAY, THE
 UNIT FEE DUE PURSUANT TO THIS SECTION SHALL  NEVERTHELESS  BE  THE  SAME
 AMOUNT  AS WOULD BE DUE HAD SUCH PERSON OCCUPIED THE UNIT FOR A FULL DAY
 AT THE RENT FOR A FULL DAY.
   (D) DEPOSIT  AND  DISPOSITION  OF  REVENUE.  (1)  NOTWITHSTANDING  ANY
 PROVISION  OF  LAW  TO  THE  CONTRARY,  THE FEES, INTEREST AND PENALTIES
 IMPOSED BY THIS SECTION AND RECEIVED BY THE COMMISSIONER, AFTER  DEDUCT-
 ING  THE  AMOUNT  WHICH THE COMMISSIONER SHALL DETERMINE TO BE NECESSARY
 FOR REASONABLE COSTS TO ADMINISTER, COLLECT AND  DISTRIBUTE  SUCH  FEES,
 PENALTIES  AND  INTEREST, SHALL BE DEPOSITED DAILY WITH SUCH RESPONSIBLE
 BANKS, BANKING HOUSES OR TRUST COMPANIES, AS MAY BE  DESIGNATED  BY  THE
 COMPTROLLER,  TO  THE CREDIT OF THE COMPTROLLER, TO BE HELD IN TRUST FOR
 THE METROPOLITAN TRANSPORTATION AUTHORITY ESTABLISHED BY TITLE ELEVEN OF
 ARTICLE FIVE OF THE PUBLIC AUTHORITIES LAW.   SUCH  AN  ACCOUNT  MAY  BE
 ESTABLISHED  IN ONE OR MORE OF SUCH DEPOSITORIES. SUCH DEPOSITS SHALL BE
 KEPT SEPARATE AND APART FROM ALL OTHER MONEY IN THE  POSSESSION  OF  THE
 COMPTROLLER.  THE  COMPTROLLER  SHALL REQUIRE ADEQUATE SECURITY FROM ALL
 SUCH DEPOSITORIES.  OF THE TOTAL REVENUE  COLLECTED  OR  RECEIVED  UNDER
 THIS  SECTION,  THE  COMPTROLLER SHALL RETAIN IN THE COMPTROLLER'S HANDS
 SUCH AMOUNT AS THE  COMMISSIONER  MAY  DETERMINE  TO  BE  NECESSARY  FOR
 REFUNDS UNDER THIS SECTION.
   (2)  ON  OR  BEFORE THE TWELFTH DAY OF EACH MONTH: (A) AFTER RESERVING
 SUCH AMOUNT FOR SUCH REFUNDS AND  SUCH  COSTS,  THE  COMMISSIONER  SHALL
 CERTIFY TO THE COMPTROLLER THE AMOUNT OF ALL REVENUES SO RECEIVED DURING
 THE  PRIOR  MONTH  AS  A  RESULT  OF THE FEES, INTEREST AND PENALTIES SO
 IMPOSED; AND (B) THE AMOUNT OF REVENUES SO CERTIFIED SHALL  BE  PAID  BY
 THE  COMPTROLLER  TO THE CHIEF FISCAL OFFICER OF THE METROPOLITAN TRANS-
 PORTATION AUTHORITY FOR DISPOSITION BY SUCH AUTHORITY IN ACCORDANCE WITH
 TITLE ELEVEN OF ARTICLE FIVE OF THE PUBLIC AUTHORITIES LAW.
   § 8. Subdivision (g) of section 1116 of the tax  law,  as  amended  by
 chapter 3 of the laws of 2004, is amended to read as follows:
   (g) For purposes of paragraph five of subdivision (a) of this section,
 duly  authorized representatives of any such post or organization, while
 acting on behalf of such post or organization, shall not be  subject  to
 the  tax  imposed  under  subdivision (e) of section eleven hundred five
 [or], the unit fee imposed by section eleven hundred four of this  arti-
 cle  OR  THE  UNIT  FEE IMPOSED BY SECTION ELEVEN HUNDRED FOUR-A OF THIS
 ARTICLE, provided that such representatives provide an exempt  organiza-
 tion  certificate  from  such  post or organization certifying that such
 representative is acting on its behalf.
   § 9. Section 1148 of the tax law, as amended by section 57 of part  HH
 of chapter 57 of the laws of 2013, is amended to read as follows:
   §  1148.  Deposit  and disposition of revenue. All taxes, interest and
 penalties collected or received by the commissioner under  this  article
 shall be deposited and disposed of pursuant to the provisions of section
 one  hundred  seventy-one-a of this chapter; provided however, the comp-
 troller shall on or before the twelfth day of each month, pay  all  such
 taxes, interest and penalties collected under this article and remaining
 to  the  comptroller's  credit  in  such  banks, banking houses or trust

 S. 6830                            14
 
 companies at the close of business on the  last  day  of  the  preceding
 month,  into the general fund of the state treasury, except as otherwise
 provided in sections ninety-two-d, ninety-two-h, and ninety-two-r of the
 state  finance law and sections eleven hundred two, eleven hundred four,
 ELEVEN HUNDRED FOUR-A and eleven hundred nine of this article.
   § 10. Subdivision (h) of section 1817 of the tax law,  as  amended  by
 section  30  of subpart I of part V-1 of chapter 57 of the laws of 2009,
 is amended to read as follows:
   (h) The penalties provided for in  this  section  shall  not  preclude
 prosecution  pursuant to the penal law with respect to the willful fail-
 ure of any person to pay over to the state  any  sales  tax  imposed  by
 section eleven hundred four, ELEVEN HUNDRED FOUR-A, eleven hundred five,
 eleven  hundred  seven,  eleven  hundred eight or eleven hundred nine of
 this chapter or by any local law adopted by any city or county  pursuant
 to  article  twenty-nine  of this chapter, whenever such person has been
 required to collect and has collected any such sales tax.  In  any  such
 prosecution  under  the  penal  law,  a  person who has been required to
 collect and has collected any such tax shall be deemed to have acted  in
 a  fiduciary character with respect to the state or a political subdivi-
 sion thereof, and the  tax  collected  shall  be  deemed  to  have  been
 entrusted  to such person by the state or a political subdivision there-
 of.
   § 11. Notwithstanding any provision of law to  the  contrary,  and  in
 accordance  with  section 4 of the state finance law, the comptroller is
 hereby authorized and directed to transfer on April 1,  2018,  April  1,
 2019  and April 1, 2020, $2,072,000,000 from the general fund to the MTA
 financial assistance fund, mobility tax trust account.
   § 12. This act shall take effect immediately; provided that:
   (a) sections seven, eight, nine and ten of this act shall take  effect
 January 1, 2018; and
   (b)  sections one, two, seven, eight, nine, ten and eleven of this act
 shall expire and be deemed repealed January 1, 2021.

2017-S6830A - Details

See Assembly Version of this Bill:: A8956
Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §§1205 & 2799-hh, add §1270-i, Pub Auth L; add §1304-E, amd §§1310 & 1313, Tax L; add §11-1704.2, amd §11-1706, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:: 2019-2020: S3246, A2743
2021-2022: S1194, A4434
2023-2024: S602, A4474

2017-S6830A - Summary

Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents.

2017-S6830A - Sponsor Memo

                                 BILL NUMBER:  S6830A

 TITLE OF BILL :  An act to amend the public authorities law, in
relation to providing for the appointment of an emergency manager for
the metropolitan transportation authority, and providing for his or
her powers and duties; to amend the tax law, in relation to
establishing personal income tax rates and a tax table benefit
recapture for taxpayers who reside in the metropolitan commuter
transportation district; to direct the comptroller to transfer moneys
in the general fund to the MTA financial assistance fund; and
providing for the repeal of certain provisions upon expiration thereof

 PURPOSE :

This bill would provide the necessary revenue and oversight to rechart
the course of the MTA to improve reliability and safety.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 2 amends the public authorities law, adding a new section
1263-a to create the position of emergency manager for the MTA,
requiring confirmation of both houses of the legislature and the
submission of a turnaround plan for the MTA.

Sections 3, 4, and 5 establish personal income tax rate increases for
millionaires in the mctd region.

Section 6 establishes the tax table benefit recapture for the mctd.

Section 7 directs the comptroller to deposit proceeds from the
personal income tax increase in to the MTA financial assistance fund.

 JUSTIFICATION :

Commuters in the MTA region are fed up. Due to constant problems with
the various components of the MTA, commuters are, at best, late for
work, and at worst, trapped in tunnels for hours on-end or in danger
of derailments. The MTA is simply not addressing the critical issues
facing commuters.

Bold action is needed both in the funding and management of the MTA.
The Emergency Manager will develop a plan to ensure that the MTA is
focusing on critical needs of the system, prioritizing the projects
that improve on-time performance, reliability and safety.

Additionally, the MTA has been grossly underfunded and neglected for
years. This legislation provides a new, temporary dedicated revenue
stream to get the MTA on more solid fiscal ground as it implements a
turnaround plan over a 3-year period. This funding stream will impact
only those individuals in the region who can most afford to pay. This
new revenue will ensure that the MTA will have the money to take
immediate remedial action, and establish long term financial
stability.

 PRIOR LEGISLATIVE HISTORY :

New Bill

 FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS :

More than $2 billion annually in new revenue for the MTA for three
years.

 EFFECTIVE DATE :
Immediately, provided that sections 1,2 and 7 will sunset January 1,
2021.

2017-S6830A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6830--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               June 27, 2017
                                ___________
 
 Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
   printed to be  committed  to  the  Committee  on  Rules  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the public authorities law, in relation to providing for
   the appointment of an emergency manager for the metropolitan transpor-
   tation  authority,  and providing for his or her powers and duties; to
   amend the tax law, in relation to  establishing  personal  income  tax
   rates  and  a  tax table benefit recapture for taxpayers who reside in
   the metropolitan commuter transportation district; to direct the comp-
   troller to transfer moneys in the general fund to  the  MTA  financial
   assistance  fund;  and  providing for the repeal of certain provisions
   upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "better trains, better cities act of 2017".
   § 2. The public authorities law is amended by  adding  a  new  section
 1263-a to read as follows:
   § 1263-A. EMERGENCY MANAGER. 1. THERE IS HEREBY ESTABLISHED THE OFFICE
 OF  EMERGENCY  MANAGER  OF THE AUTHORITY. SUCH MANAGER SHALL OVERSEE THE
 AUTHORITY, AND IMPLEMENT THE PLAN ESTABLISHED BY THE  EMERGENCY  MANAGER
 SUBMITTED  TO  EACH  HOUSE  OF  THE LEGISLATURE DURING THE COURSE OF THE
 CONFIRMATION OF THE EMERGENCY MANAGER.
   2. THE EMERGENCY MANAGER OF THE AUTHORITY SHALL BE  APPOINTED  BY  THE
 GOVERNOR,  SUBJECT TO SEPARATE CONFIRMATION BY EACH OF THE HOUSES OF THE
 LEGISLATURE. SUCH CONFIRMATIONS SHALL BE COMPLETED WITHIN NINETY DAYS OF
 THE EFFECTIVE DATE OF THIS SECTION; PROVIDED, HOWEVER, THAT  UPON  NOMI-
 NATION BY THE GOVERNOR, EACH NOMINEE FOR EMERGENCY MANAGER SHALL DEVELOP
 AND  SUBMIT TO THE LEGISLATURE, PRIOR TO HIS OR HER CONFIRMATION, A PLAN
 OUTLINING HOW THE  NOMINEE,  IF  CONFIRMED,  WILL  EXPEDITE  REPAIRS  TO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13277-04-7

 S. 6830--A                          2
 
 AUTHORITY  FACILITIES  AND  EQUIPMENT,  EXPAND  CAPACITY, AND ENSURE THE
 RELIABILITY AND SAFETY OF THE AUTHORITY FACILITIES AND EQUIPMENT AND THE
 SERVICES PROVIDED THEREBY. NO NOMINEE SHALL BE CONFIRMED UNTIL SUCH PLAN
 SHALL HAVE BEEN RECEIVED AND REVIEWED BY EACH HOUSE OF THE LEGISLATURE.
   3. THE EMERGENCY MANAGER SHALL HAVE ALL THE POWERS OF THE BOARD OF THE
 AUTHORITY  AS  THEY RELATE TO EXPEDITING REPAIRS TO AUTHORITY FACILITIES
 AND EQUIPMENT, EXPANDING CAPACITY, AND ENSURING RELIABILITY  AND  SAFETY
 OF THE AUTHORITY FACILITIES AND EQUIPMENT AND SERVICES PROVIDED THEREBY,
 AND SHALL IMPLEMENT THE PLAN HE OR SHE SUBMITTED TO THE LEGISLATURE. THE
 EMERGENCY  MANAGER'S AUTHORITY TO IMPLEMENT HIS OR HER PLAN SHALL SUPER-
 SEDE THE AUTHORITY OF THE BOARD OF  THE  AUTHORITY,  UNLESS  SUCH  BOARD
 SHALL  BY  A  VOTE  OF  TEN  VOTING MEMBERS THEREOF OVERRIDES A SPECIFIC
 ACTION OF THE EMERGENCY MANAGER.
   § 3. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection (a) of section 601 of the tax law, as added by section  1  of
 part  R  of  chapter  59  of  the  laws  of 2017, are amended to read as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable
                                       income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $43,000     $1,202 plus 5.9% of excess over
                                       $27,900
 Over $43,000 but not over $161,550    $2,093 plus 6.33% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,597 plus 6.57% of excess over
                                       $161,550
 Over $323,200 but not over $2,155,350 $20,218 plus 6.85% of excess over
                                       $323,200
 Over $2,155,350                       $145,720 plus 8.82% of excess over
                                       $2,155,350
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND ESTABLISHED PURSUANT TO SECTION TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE
                                       INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.21% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,597 PLUS 6.57% OF EXCESS OVER

 S. 6830--A                          3
 
                                       $161,550
 OVER $323,200 BUT NOT OVER            $20,218 PLUS 6.85% OF EXCESS OVER
 $2,000,000                            $323,200
 OVER $2,000,000 BUT NOT OVER          $135,079 PLUS 8.98% OF EXCESS
 $6,000,000                            OVER $2,000,000
 OVER $6,000,000 BUT NOT OVER          $494,279 PLUS 9.08% OF EXCESS
 $11,000,000                           OVER $6,000,000
 OVER $11,000,000                      $948,279 PLUS 9.28% OF EXCESS
                                       OVER $11,000,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 Not over $17,150                      4% of the New York taxable
                                       income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $43,000 but not over $161,550    $2,093 plus 6.21% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,455 plus 6.49% of excess over
                                       $161,550
 Over $323,200 but not over            $19,946 plus 6.85% of excess over
 $2,155,350                            $323,200
 Over $2,155,350                       $145,448 plus 8.82% of excess over
                                       $2,155,350
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT  TO THE SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE
                                       INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.21% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,455 PLUS 6.49% OF EXCESS OVER
                                       $161,550
 OVER $323,200 BUT NOT OVER $2,000,000 $19,946 PLUS 6.85% OF EXCESS OVER
                                       $323,200
 OVER $2,000,000 BUT NOT OVER          $134,807 PLUS 8.98% OF EXCESS
 $6,000,000                            OVER 2,000,000
 OVER $6,000,000 BUT NOT OVER          $494,007 PLUS 9.08% OF EXCESS
 $11,000,000                           OVER $6,000,000
 OVER $11,000,000                      $948,000 PLUS 9.28% OVER
                                       $11,000,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:

 S. 6830--A                          4
 
 If the New York taxable income is:    The tax is:
 Not over $17,150                      4% of the New York taxable income
 Over $17,150 but not over $23,600     $686 plus 4.5% of excess over
                                       $17,150
 Over $23,600 but not over $27,900     $976 plus 5.25% of excess over
                                       $23,600
 Over $27,900 but not over $43,000     $1,202 plus 5.9% of excess over
                                       $27,900
 Over $43,000 but not over $161,550    $2,093 plus 6.09% of excess over
                                       $43,000
 Over $161,550 but not over $323,200   $9,313 plus 6.41% of excess over
                                       $161,550
 Over $323,200                         $19,674 plus 6.85% of excess over
                                       $323,200
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $17,150                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $17,150 BUT NOT OVER $23,600     $686 PLUS 4.5% OF EXCESS OVER
                                       $17,150
 OVER $23,600 BUT NOT OVER $27,900     $976 PLUS 5.25% OF EXCESS OVER
                                       $23,600
 OVER $27,900 BUT NOT OVER $43,000     $1,202 PLUS 5.9% OF EXCESS OVER
                                       $27,900
 OVER $43,000 BUT NOT OVER $161,550    $2,093 PLUS 6.09% OF EXCESS OVER
                                       $43,000
 OVER $161,550 BUT NOT OVER $323,200   $9,313 PLUS 6.41% OF EXCESS OVER
                                       $161,550
 OVER $323,200 BUT NOT OVER            $19,674 PLUS 6.85% OF EXCESS OVER
 $2,000,000                            $323,200
 OVER $2,000,000 BUT NOT OVER          $134,535 PLUS 8.98% OF EXCESS OVER
 $6,000,000                            $2,000,000
 OVER $6,000,000 BUT NOT OVER          $493,735 PLUS 9.08% OF EXCESS OVER
 $11,000,000                           $6,000,000
 OVER $11,000,000                      $947,735 PLUS 9.28% OF EXCESS OVER
                                       $11,000,000
   § 4. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection  (b)  of section 601 of the tax law, as added by section 2 of
 part R of chapter 59 of the  laws  of  2017,  are  amended  to  read  as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.33% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,344 plus 6.57% of excess over

 S. 6830--A                          5
 
                                       $107,650
 Over $269,300 but not over $1,616,450 $16,964 plus 6.85% of excess over
                                       $269,300
 Over $1,616,450                       $109,244 plus 8.82% of excess over
                                       $1,616,450
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  THE  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.33% OF EXCESS OVER
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,344 PLUS 6.57% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,964 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300
 OVER $1,605,650 BUT NOT OVER          $108,504 PLUS 8.98% OF EXCESS OVER
 $5,500,000                            $1,605,650
 OVER $5,500,000 BUT NOT OVER          $458,217 PLUS 9.08% OF EXCESS OVER
 $10,500,000                           $5,500,000
 OVER $10,500,000                      $912,217 PLUS 9.28% OF EXCESS OVER
                                       $10,500,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.21% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,253 plus 6.49% of excess over
                                       $107,650
 Over $269,300 but not over            $16,744 plus 6.85% of excess over
 $1,616,450                            $269,300
 Over $1,616,450                       $109,024 plus 8.82% of excess over
                                       $1,616,450
   2. FOR TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT  TO THE SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.21% OF EXCESS OVER

 S. 6830--A                          6
 
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,253 PLUS 6.49% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,744 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300
 OVER $1,605,650 BUT NOT OVER          $108,284 PLUS 8.98% OF EXCESS OVER
 $5,500,000                            $1,605,650
 OVER $5,500,000 BUT NOT OVER          $457,997 PLUS 9.08% OF EXCESS OVER
 $10,500,000                           $5,500,000
 OVER $10,500,000                      $911,997 PLUS 9.28% OF EXCESS OVER
                                       $10,500,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $12,800                      4% of the New York taxable income
 Over $12,800 but not over $17,650     $512 plus 4.5% of excess over $12,800
 Over $17,650 but not over $20,900     $730 plus 5.25% of excess over
                                       $17,650
 Over $20,900 but not over $32,200     $901 plus 5.9% of excess over $20,900
 Over $32,200 but not over $107,650    $1,568 plus 6.09% of excess over
                                       $32,200
 Over $107,650 but not over $269,300   $6,162 plus 6.41% of excess over
                                       $107,650
 Over $269,300                         $16,524 plus 6.85% of excess over
                                       $269,300
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $12,800                      4% OF THE NEW YORK TAXABLE INCOME
 OVER $12,800 BUT NOT OVER $17,650     $512 PLUS 4.5% OF EXCESS OVER $12,800
 OVER $17,650 BUT NOT OVER $20,900     $730 PLUS 5.25% OF EXCESS OVER
                                       $17,650
 OVER $20,900 BUT NOT OVER $32,200     $901 PLUS 5.9% OF EXCESS OVER $20,900
 OVER $32,200 BUT NOT OVER $107,650    $1,568 PLUS 6.09% OF EXCESS OVER
                                       $32,200
 OVER $107,650 BUT NOT OVER $269,300   $6,162 PLUS 6.41% OF EXCESS OVER
                                       $107,650
 OVER $269,300 BUT NOT OVER            $16,524 PLUS 6.85% OF EXCESS OVER
 $1,605,650                            $269,300
 OVER $1,605,650 BUT NOT OVER          $108,064 PLUS 8.98% OF EXCESS
 $5,500,000                            OVER $1,605,650
 OVER $5,500,000 BUT NOT OVER          $457,777 PLUS 9.08% OF EXCESS
 $10,500,000                           OVER $5,500,000
 OVER $10,500,000                      $911,777 PLUS 9.28% OF EXCESS
                                       OVER $10,500,000
   § 5. Clauses (i), (ii) and (iii) of subparagraph (B) of paragraph 1 of
 subsection  (c)  of section 601 of the tax law, as added by section 3 of
 part R of chapter 59 of the  laws  of  2017,  are  amended  to  read  as
 follows:
   (i) For taxable years beginning in two thousand eighteen the following
 rates shall apply:

 S. 6830--A                          7
 
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.33% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,793 plus 6.57% of excess over
                                       $80,650
 Over $215,400 but not over $1,077,550 $13,646 plus 6.85% of excess over
                                       $215,400
 Over $1,077,550                       $72,703 plus 8.82% of excess over
                                       $1,077,550
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.33% OF EXCESS OVER
                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,793 PLUS 6.57% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,646 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $72,210 PLUS 8.98% OF EXCESS OVER
 $5,000,000                            $1,070,350
 OVER $5,000,000 BUT NOT OVER          $425,093 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $879,093 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   (ii)  For taxable years beginning in two thousand nineteen the follow-
 ing rates shall apply:
   1. FOR TAXPAYERS WHO  RESIDE  OUTSIDE  OF  THE  METROPOLITAN  COMMUTER
 TRANSPORTATION  DISTRICT  CREATED  AND  ESTABLISHED  PURSUANT TO SECTION
 TWELVE HUNDRED SIXTY TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.21% of excess over

 S. 6830--A                          8
 
                                       $21,400
 Over $80,650 but not over $215,400    $4,721 plus 6.49% of excess over
                                       $80,650
 Over $215,400 but not over            $13,467 plus 6.85% of excess over
 $1,077,550                            $215,400
 Over $1,077,550                       $72,524 plus 8.82% of excess over
                                       $1,077,550
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED AND ESTABLISHED PURSUANT  TO  SECTION  TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.21% OF EXCESS OVER
                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,721 PLUS 6.49% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,467 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $72,031 PLUS 8.98% OF EXCESS OVER
 5,000,000                             $1,070,350
 OVER $5,000,000 BUT NOT OVER          $424,914 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $878,914 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   (iii) For taxable years beginning in two thousand twenty the following
 rates shall apply:
   1.  FOR  TAXPAYERS  WHO  RESIDE  OUTSIDE  OF THE METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 If the New York taxable income is:    The tax is:
 Not over $8,500                       4% of the New York taxable income
 Over $8,500 but not over $11,700      $340 plus 4.5% of excess over
                                       $8,500
 Over $11,700 but not over $13,900     $484 plus 5.25% of excess over
                                       $11,700
 Over $13,900 but not over $21,400     $600 plus 5.9% of excess over
                                       $13,900
 Over $21,400 but not over $80,650     $1,042 plus 6.09% of excess over
                                       $21,400
 Over $80,650 but not over $215,400    $4,650 plus 6.41% of excess over
                                       $80,650
 Over $215,400                         $13,288 plus 6.85% of excess over
                                       $215,400
   2.  FOR  TAXPAYERS WHO RESIDED WITHIN THE METROPOLITAN COMMUTER TRANS-
 PORTATION DISTRICT CREATED  AND  ESTABLISHED  PURSUANT  TO  THE  SECTION
 TWELVE HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW:
 IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
 NOT OVER $8,500                       4% OF THE NEW YORK TAXABLE INCOME
 OVER $8,500 BUT NOT OVER $11,700      $340 PLUS 4.5% OF EXCESS OVER

 S. 6830--A                          9
 
                                       $8,500
 OVER $11,700 BUT NOT OVER $13,900     $484 PLUS 5.25% OF EXCESS OVER
                                       $11,700
 OVER $13,900 BUT NOT OVER $21,400     $600 PLUS 5.9% OF EXCESS OVER
                                       $13,900
 OVER $21,400 BUT NOT OVER $80,650     $1,042 PLUS 6.09% OF EXCESS OVER
                                       $21,400
 OVER $80,650 BUT NOT OVER $215,400    $4,650 PLUS 6.41% OF EXCESS OVER
                                       $80,650
 OVER $215,400 BUT NOT OVER            $13,288 PLUS 6.85% OF EXCESS OVER
 $1,070,350                            $215,400
 OVER $1,070,350 BUT NOT OVER          $71,852 PLUS 8.98% OF EXCESS OVER
 $5,000,000                            $1,070,350
 OVER $5,000,000 BUT NOT OVER          $424,735 PLUS 9.08% OF EXCESS OVER
 $10,000,000                           $5,000,000
 OVER $10,000,000                      $878,735 PLUS 9.28% OF EXCESS OVER
                                       $10,000,000
   §  6. Section 601 of the tax law is amended by adding a new subsection
 (d-2) to read as follows:
   (D-2) ALTERNATIVE TAX TABLE BENEFIT RECAPTURE IN METROPOLITAN COMMUTER
 TRANSPORTATION DISTRICT.  FOR TAXABLE YEARS BEGINNING ON OR AFTER  JANU-
 ARY  FIRST, TWO THOUSAND EIGHTEEN AND BEFORE JANUARY FIRST, TWO THOUSAND
 TWENTY-ONE FOR A TAXPAYER RESIDING IN THE METROPOLITAN  COMMUTER  TRANS-
 PORTATION  DISTRICT  CREATED  AND ESTABLISHED PURSUANT TO SECTION TWELVE
 HUNDRED SIXTY-TWO OF THE PUBLIC AUTHORITIES LAW WHOSE NEW  YORK  TAXABLE
 INCOME  IS  OVER  $2,000,000  IF THE TAXPAYER IS MARRIED FILING JOINTLY,
 OVER $1,605,650 IF  THE  TAXPAYER  IS  A  HEAD  OF  HOUSEHOLD,  OR  OVER
 $1,070,350  IF  THE  TAXPAYER  FILES  SINGLY,  THERE IS HEREBY IMPOSED A
 SUPPLEMENTAL TAX IN ADDITION TO THE TAX IMPOSED UNDER  SUBSECTIONS  (A),
 (B)  AND  (C) OF THIS SECTION FOR THE PURPOSE OF RECAPTURING THE BENEFIT
 OF THE TAX TABLES CONTAINED IN SUCH SUBSECTIONS.  DURING  THESE  TAXABLE
 YEARS,  ANY  REFERENCE IN THIS CHAPTER TO SUBSECTION (D) OF THIS SECTION
 SHALL BE READ AS A REFERENCE TO THIS SUBSECTION.
   (1) FOR SUCH RESIDENT MARRIED INDIVIDUALS  FILING  JOINT  RETURNS  AND
 RESIDENT  SURVIVING  SPOUSES,  THE  SUPPLEMENTAL  TAX SHALL BE AN AMOUNT
 EQUAL TO THE SUM OF THE TAX TABLE BENEFITS  DESCRIBED  IN  SUBPARAGRAPHS
 (A),  (B) AND (C) OF THIS PARAGRAPH MULTIPLIED BY THEIR RESPECTIVE FRAC-
 TIONS IN SUCH SUBPARAGRAPHS.
   (A) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A)  OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A) OF THIS  SECTION  LESS  THE
 SUM OF TAX TABLE BENEFITS IN SUBPARAGRAPHS (A), (B) AND (C) OF PARAGRAPH
 ONE OF SUBSECTION (D-1) OF THIS SECTION.  THE FRACTION FOR THIS SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND  DOLLARS  OR  THE  EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE
 TAXABLE YEAR OVER TWO MILLION DOLLARS AND THE DENOMINATOR IS FIFTY THOU-
 SAND DOLLARS.
   (B) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A)  OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE

 S. 6830--A                         10
 
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (A) OF THIS SECTION LESS THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A), (B) AND (C) OF PARA-
 GRAPH ONE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFIT
 IN SUBPARAGRAPH (A) OF THIS PARAGRAPH. THE FRACTION  FOR  THIS  SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND  DOLLARS  OR  THE  EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE
 TAXABLE YEAR OVER SIX MILLION DOLLARS AND THE DENOMINATOR IS FIFTY THOU-
 SAND DOLLARS. PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL  NOT  APPLY  TO
 TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (A) OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR (III)  OF  PARAGRAPH
 (B)  OF  PARAGRAPH ONE OF SUBSECTION (A) OF THIS SECTION LESS THE SUM OF
 THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A), (B) AND  (C)  OF  PARAGRAPH
 ONE  OF  SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFITS IN
 SUBPARAGRAPHS (A) AND (B) OF  THIS  PARAGRAPH.  THE  FRACTION  FOR  THIS
 SUBPARAGRAPH  IS  COMPUTED  AS  FOLLOWS:  THE NUMERATOR IS THE LESSER OF
 FIFTY THOUSAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME
 FOR  THE TAXABLE YEAR OVER ELEVEN MILLION DOLLARS AND THE DENOMINATOR IS
 FIFTY THOUSAND DOLLARS.  PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL  NOT
 APPLY TO TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.28 PERCENT TAX RATE.
   (D)  PROVIDED,  HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION OF ANY
 TAX CREDITS SHALL NOT EXCEED THE HIGHEST RATE OF TAX SET  FORTH  IN  THE
 TAX  TABLES  IN SUBSECTION (A) OF THIS SECTION MULTIPLIED BY THE TAXPAY-
 ER'S TAXABLE INCOME.
   (2) FOR SUCH RESIDENT HEADS OF HOUSEHOLDS, THE SUPPLEMENTAL TAX  SHALL
 BE  AN  AMOUNT  EQUAL  TO THE SUM OF THE TAX TABLE BENEFITS DESCRIBED IN
 SUBPARAGRAPHS (A), (B) AND (C) OF THIS  PARAGRAPH  MULTIPLIED  BY  THEIR
 RESPECTIVE FRACTIONS IN SUCH SUBPARAGRAPHS.
   (A)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (B) OF THIS SECTION LESS THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF  PARAGRAPH
 TWO OF SUBSECTION (D-1) OF THIS SECTION.  THE FRACTION FOR THIS SUBPARA-
 GRAPH IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOU-
 SAND  DOLLARS  OR  THE  EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE
 TAXABLE YEAR OVER ONE MILLION SIX  HUNDRED  FIVE  THOUSAND  SIX  HUNDRED
 FIFTY DOLLARS AND THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (B)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO

 S. 6830--A                         11
 
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (B) OF THIS SECTION LESS THE
 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF  PARAGRAPH
 TWO  OF  SUBSECTION  (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFIT IN
 SUBPARAGRAPH (A) OF THIS PARAGRAPH. THE FRACTION FOR  THIS  SUBPARAGRAPH
 IS  COMPUTED  AS  FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOUSAND
 DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE  TAXABLE
 YEAR OVER FIVE MILLION FIVE HUNDRED THOUSAND DOLLARS AND THE DENOMINATOR
 IS  FIFTY  THOUSAND  DOLLARS. PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL
 NOT APPLY TO TAXPAYERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B)  OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (B) OF THIS  SECTION  LESS  THE
 SUM  OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 TWO OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE  BENEFITS  IN
 SUBPARAGRAPHS  (A)  AND  (B)  OF  THIS  PARAGRAPH. THE FRACTION FOR THIS
 SUBPARAGRAPH IS COMPUTED AS FOLLOWS: THE  NUMERATOR  IS  THE  LESSER  OF
 FIFTY  THOUSAND  DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME
 FOR THE TAXABLE YEAR OVER TEN MILLION FIVE HUNDRED THOUSAND DOLLARS  AND
 THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (D)  PROVIDED,  HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION OF ANY
 TAX CREDITS SHALL NOT EXCEED THE HIGHEST RATE OF TAX SET  FORTH  IN  THE
 TAX  TABLES  IN SUBSECTION (B) OF THIS SECTION MULTIPLIED BY THE TAXPAY-
 ER'S TAXABLE INCOME.
   (3) FOR SUCH RESIDENT UNMARRIED INDIVIDUALS, RESIDENT MARRIED INDIVID-
 UALS FILING SEPARATE  RETURNS  AND  RESIDENT  ESTATES  AND  TRUSTS,  THE
 SUPPLEMENTAL  TAX  SHALL  BE AN AMOUNT EQUAL TO THE SUM OF THE TAX TABLE
 BENEFITS DESCRIBED IN SUBPARAGRAPHS (A), (B) AND (C) OF  THIS  PARAGRAPH
 MULTIPLIED BY THEIR RESPECTIVE FRACTIONS IN SUCH SUBPARAGRAPHS.
   (A)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF
 THIS SECTION NOT SUBJECT TO THE 8.98 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (C) OF THIS SECTION LESS THE
 SUM OF TAX TABLE BENEFITS IN SUBPARAGRAPHS  (A)  AND  (B)  OF  PARAGRAPH
 THREE  OF  SUBSECTION  (D-1)  OF  THIS  SECTION.   THE FRACTION FOR THIS
 SUBPARAGRAPH IS COMPUTED AS FOLLOWS: THE  NUMERATOR  IS  THE  LESSER  OF
 FIFTY  THOUSAND  DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME
 FOR THE TAXABLE YEAR OVER ONE MILLION  SEVENTY  THOUSAND  THREE  HUNDRED
 FIFTY DOLLARS AND THE DENOMINATOR IS FIFTY THOUSAND DOLLARS.
   (B)  THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT OF
 TAXABLE INCOME SET FORTH IN THE TAX TABLE IN ITEM  TWO  OF  CLAUSE  (I),
 (II)  OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF
 THIS SECTION NOT SUBJECT TO THE 9.08 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR MULTIPLIED BY SUCH RATE AND (II) THE  DOLLAR  DENOMINATED  TAX  FOR
 SUCH  AMOUNT  OF TAXABLE INCOME SET FORTH IN THE TAX TABLE APPLICABLE TO
 THE TAXABLE YEAR IN ITEM ONE OF CLAUSE (I), (II) OR  (III)  OF  SUBPARA-
 GRAPH  (B)  OF  PARAGRAPH ONE OF SUBSECTION (C) OF THIS SECTION LESS THE

 S. 6830--A                         12

 SUM OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF  PARAGRAPH
 THREE  OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFIT IN
 SUBPARAGRAPH (A) OF THIS PARAGRAPH. THE FRACTION FOR  THIS  SUBPARAGRAPH
 IS  COMPUTED  AS  FOLLOWS: THE NUMERATOR IS THE LESSER OF FIFTY THOUSAND
 DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS INCOME FOR THE  TAXABLE
 YEAR  OVER  FIVE  MILLION  DOLLARS AND THE DENOMINATOR IS FIFTY THOUSAND
 DOLLARS. PROVIDED, HOWEVER, THIS SUBPARAGRAPH SHALL NOT APPLY TO TAXPAY-
 ERS WHO ARE NOT SUBJECT TO THE 9.08 PERCENT TAX RATE.
   (C) THE TAX TABLE BENEFIT IS THE DIFFERENCE BETWEEN (I) THE AMOUNT  OF
 TAXABLE  INCOME  SET  FORTH  IN THE TAX TABLE IN ITEM TWO OF CLAUSE (I),
 (II) OR (III) OF SUBPARAGRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C)  OF
 THIS SECTION NOT SUBJECT TO THE 9.28 PERCENT RATE OF TAX FOR THE TAXABLE
 YEAR  MULTIPLIED  BY  SUCH  RATE AND (II) THE DOLLAR DENOMINATED TAX FOR
 SUCH AMOUNT OF TAXABLE INCOME SET FORTH IN THE TAX TABLE  APPLICABLE  TO
 THE  TAXABLE  YEAR  IN ITEM ONE OF CLAUSE (I), (II) OR (III) OF SUBPARA-
 GRAPH (B) OF PARAGRAPH ONE OF SUBSECTION (C) OF THIS  SECTION  LESS  THE
 SUM  OF THE TAX TABLE BENEFITS IN SUBPARAGRAPHS (A) AND (B) OF PARAGRAPH
 THREE OF SUBSECTION (D-1) OF THIS SECTION AND SUCH TAX TABLE BENEFITS IN
 SUBPARAGRAPHS (A) AND (B) OF  THIS  PARAGRAPH.  THE  FRACTION  FOR  THIS
 SUBPARAGRAPH  IS  COMPUTED  AS  FOLLOWS:  THE NUMERATOR IS THE LESSER OF
 FIFTY THOUSAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED  GROSS  INCOME
 FOR  THE  TAXABLE  YEAR  OVER TEN MILLION DOLLARS AND THE DENOMINATOR IS
 FIFTY THOUSAND DOLLARS.
   (D) PROVIDED, HOWEVER, THE TOTAL TAX PRIOR TO THE APPLICATION  OF  ANY
 TAX  CREDITS  SHALL  NOT EXCEED THE HIGHEST RATE OF TAX SET FORTH IN THE
 TAX TABLES IN SUBSECTION (C) OF THIS SECTION MULTIPLIED BY  THE  TAXPAY-
 ER'S TAXABLE INCOME.
   §  7.    Notwithstanding  any provision of law to the contrary, and in
 accordance with section 4 of the state finance law, the  comptroller  is
 hereby  authorized  and  directed to transfer on April 1, 2018, April 1,
 2019 and April 1, 2020, $2,072,000,000 from the general fund to the  MTA
 financial assistance fund, mobility tax trust account.
   §  8.  This  act shall take effect immediately; provided that sections
 one, two, and seven of this act shall  expire  and  be  deemed  repealed
 January 1, 2021.

2017-S6830B (ACTIVE) - Details

See Assembly Version of this Bill:: A8956
Current Committee:: Senate Transportation
Law Section:: Public Authorities Law
Laws Affected:: Amd §§1205 & 2799-hh, add §1270-i, Pub Auth L; add §1304-E, amd §§1310 & 1313, Tax L; add §11-1704.2, amd §11-1706, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:: 2019-2020: S3246, A2743
2021-2022: S1194, A4434
2023-2024: S602, A4474

2017-S6830B (ACTIVE) - Summary

Authorizes the city of New York to impose a personal income surcharge on high income residents to fund transit improvements and reduced fares for low income residents.

2017-S6830B (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S6830B

SPONSOR: GIANARIS
 
TITLE OF BILL:  An act to amend the public authorities law, the tax
law and the administrative code of the city of New York, in relation to
authorizing and imposing a tax surcharge on the personal income of
certain high-income residents of such city in order to fund transit
infrastructure improvements and reduced fares for low-income residents
of such city

 
PURPOSE:

To provide much needed revenue to repair MTA infrastructure in New York
City and to provide reduced fares for those most in need.

 
SUMMARY OF PROVISIONS:

Section 1 amends Public Authorities Law section 1205 by adding a new
subdivision 9 to establish a reduced fare program for those aged 18-64
earning at or under the federal poverty level.

Section 2 adds a new' section 1270-I to the Public Authorities Law.
This section requires that the MTA establish a dedicated fund for reven-
ues collected from imposition of the surcharge on the personal income
tax (PIT) of certain high-income residents of the City of New York, and
set up separate accounts for infrastructure improvements and a reduced
fare program. Section 1270-I also establishes permissible uses for
infrastructure funds, outlines obligations to bondholders, and requires
that revenues be divided evenly between the infrastructure and the
reduced fare accounts.

Section 3 amends subdivision 5 of section 2799-hh of the Public Authori-
ties Law to establish a mechanism for the Transitional Finance Authority
(TFA) to pay PIT surcharge revenues into the dedicated fund required by
new 1270-1 of the Public Authorities Law.

Section 4 amends the Tax Law by adding a new section 1304-E to authorize
the imposition of an income tax surcharge on high-earning taxpayers who
are subject to the city's personal income tax. This section also
requires that the revenue collected from imposition of the surcharge
"shall only supplement and shall not supplant" any funds that the MTA
uses for NYCTA, MTA Bus Company or SIRTOA projects and shall be used
"exclusively for the financing of transit infrastructure improvements
and reduced fares for low-income residents of the city of New York".

Section 5 amends paragraphs 1 and 2 of subsection (e) of section 1310 of
the Tax Law to authorize a credit against the surcharge for unincorpo-
rated business taxes paid.

Section 6 amends subsection (c) of section 1313 of the Tax Law to
provide for the flow of surcharge revenue from the TFA to the dedicated
fund.

Section 7 amends the Administrative Code of the City of New York by
adding a new section 11-1704.2 to impose the surcharge authorized by
section 4.



Section 8 amends paragraphs 1 and 2 of subdivision (c) of section
11-1706 of the Administrative Code of the City of New York to provide
the credit authorized by section 5.

 
JUSTIFICATION:

Commuters in the MTA region are fed up. Due to constant problems with
the various components of the MTA, commuters are at best, late for work,
and at worst, trapped in tunnels for hours on-end or in danger of
derailments. The MTA is simply not addressing the critical issues facing
commuters.

Bold action is needed. The MTA has been grossly underfunded and
neglected for years. This legislation provides a new, dedicated revenue
stream to fund the projects critical to the MTA's operations.  Instead
of putting the burden on the working class, the new revenue will only
affect the wealthiest New Yorkers. This new revenue will ensure that the
MTA will have the money to take immediate remedial action, and establish
long-term financial stability. Further, the new funding will ensure that
those most in need of assistance will be able to get reduced fares to
get to their jobs and family obligations.

 
PRIOR LEGISLATIVE HISTORY:

New Bill

 
EFFECTIVE DATE:
Immediately, except that the effective date for the reduced fare program
is January 1,2019.

2017-S6830B (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6830--B
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               June 27, 2017
                                ___________
 
 Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
   printed to be  committed  to  the  Committee  on  Rules  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee -- recommitted to the Committee on Transportation in
   accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee
 
 AN ACT to amend the public authorities law, the tax law and the adminis-
   trative  code  of the city of New York, in relation to authorizing and
   imposing a tax surcharge on the personal income of certain high-income
   residents of  such  city  in  order  to  fund  transit  infrastructure
   improvements and reduced fares for low-income residents of such city
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1205 of the public authorities law  is  amended  by
 adding a new subdivision 9 to read as follows:
   9.  NOTWITHSTANDING  ANY OTHER PROVISION OF LAW, THE AUTHORITY AND ANY
 OF ITS SUBSIDIARY CORPORATIONS SHALL ESTABLISH AND IMPLEMENT A HALF-FARE
 RATE PROGRAM FOR LOW-INCOME RESIDENTS OF THE CITY WHO ARE EIGHTEEN YEARS
 OF AGE OR OLDER AND YOUNGER THAN SIXTY-FIVE YEARS OF AGE.  FOR  PURPOSES
 OF  THIS  SUBDIVISION, THE TERM "LOW-INCOME" SHALL MEAN AN ANNUAL INCOME
 THAT IS BELOW THE FEDERAL POVERTY  LINE  AS  DETERMINED  BY  THE  UNITED
 STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES PURSUANT TO SUBDIVISION 2
 OF  SECTION  9902  OF TITLE 42 OF THE UNITED STATES CODE.  THE HALF-FARE
 RATE PROGRAM ESTABLISHED AND IMPLEMENTED PURSUANT  TO  THIS  SUBDIVISION
 SHALL  INCLUDE  SUBWAY AND BUS SERVICE, EXCLUSIVE OF EXPRESS BUS SERVICE
 DURING PEAK HOURS. SUCH HALF-RATE PROGRAM SHALL NOT BE MADE AVAILABLE TO
 SUCH LOW-INCOME RESIDENTS OF THE CITY EIGHTEEN YEARS OF AGE OR OLDER AND
 YOUNGER THAN SIXTY-FIVE YEARS OF AGE WHO ARE ELIGIBLE FOR THE  HALF-FARE
 RATE PROGRAMS AVAILABLE TO SENIORS AND PEOPLE WITH DISABILITIES PURSUANT
 TO SUBDIVISION TWO OR EIGHT OF THIS SECTION. UPON THE WRITTEN REQUEST OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13277-09-8

 S. 6830--B                          2
 
 THE  MAYOR  AND  IN  ACCORDANCE  WITH SUCH REQUEST, THE AUTHORITY OR ITS
 SUBSIDIARY CORPORATIONS SHALL DELEGATE AUTHORITY TO THE CITY  TO  ASSIST
 WITH  THE  ADMINISTRATION  OF SUCH HALF-FARE RATE PROGRAM, INCLUDING THE
 ELIGIBILITY OF APPLICANTS.
   §  2.  The  public  authorities law is amended by adding a new section
 1270-i to read as follows:
   § 1270-I. NEW YORK CITY DEDICATED PERSONAL INCOME TAX SURCHARGE  FUND.
 1.  THE  AUTHORITY  SHALL  ESTABLISH A FUND TO BE KNOWN AS THE "NEW YORK
 CITY DEDICATED PERSONAL INCOME TAX SURCHARGE FUND" WHICH SHALL  BE  KEPT
 SEPARATE  FROM  AND SHALL NOT BE COMMINGLED WITH ANY OTHER MONEYS OF THE
 AUTHORITY. THE FUND SHALL CONSIST OF A "TRANSIT INFRASTRUCTURE  IMPROVE-
 MENT ACCOUNT" AND A "LOW-INCOME RESIDENT REDUCED FARE ACCOUNT."
   2.  THERE SHALL BE DEPOSITED INTO THE NEW YORK CITY DEDICATED PERSONAL
 INCOME TAX SURCHARGE FUND THE MONEYS  TRANSFERRED  TO  THE  METROPOLITAN
 TRANSPORTATION  AUTHORITY  FROM  THE  NEW YORK CITY TRANSITIONAL FINANCE
 AUTHORITY PURSUANT TO SUBSECTION (E) OF SECTION THIRTEEN HUNDRED  FOUR-E
 OF  THE  TAX LAW, AND ANY OTHER PROVISION OF LAW DIRECTING OR PERMITTING
 THE DEPOSIT OF MONEYS IN SUCH FUND,  TO  BE  USED  EXCLUSIVELY  FOR  THE
 FINANCING  OF  TRANSIT INFRASTRUCTURE IMPROVEMENTS AND REDUCED FARES FOR
 LOW-INCOME RESIDENTS OF THE CITY OF NEW YORK.
   3. MONEYS IN THE TRANSIT INFRASTRUCTURE IMPROVEMENT ACCOUNT (A)  SHALL
 BE  USED  TO  FUND CAPITAL PROJECTS THAT SATISFY THE FOLLOWING CRITERIA:
 (I) DEFINED AS STATE OF GOOD REPAIR, NORMAL REPLACEMENT, OR AN AMERICANS
 WITH DISABILITIES ACT RELATED  SYSTEM  IMPROVEMENT  WITHIN  THE  CAPITAL
 PROGRAM  OF  THE  AUTHORITY;  AND  (II) INCLUDED IN ANY OF THE FOLLOWING
 CATEGORIES WITHIN THE CAPITAL PROGRAM OF THE AUTHORITY:  NEW  YORK  CITY
 TRANSIT AUTHORITY BUSES, SUBWAY CARS, TRACK, LINE EQUIPMENT, LINE STRUC-
 TURES,  SIGNALS  AND  COMMUNICATIONS,  TRACTION  POWER, SHOPS AND YARDS,
 DEPOTS, SERVICE VEHICLES,  PASSENGER  STATION  PROJECTS,  AS  NEEDED  TO
 COMPLY  WITH  THE AMERICANS WITH DISABILITIES ACT, STATEN ISLAND RAILWAY
 AND AUTHORITY BUS COMPANY PROJECTS; AND (B) MAY BE (I)  PLEDGED  BY  THE
 AUTHORITY AS SECURITY FOR THE PAYMENT OF PRINCIPAL AND INTEREST ON BONDS
 ISSUED  AFTER  JULY  FIRST,  TWO  THOUSAND  EIGHTEEN  TO FINANCE CAPITAL
 PROJECTS THAT MEET THE CRITERIA IDENTIFIED  IN  PARAGRAPH  (A)  OF  THIS
 SUBDIVISION,  INCLUDING  BONDS ISSUED TO REFUND SUCH BONDS AND (II) USED
 FOR PAYMENT OF PRINCIPAL AND INTEREST ON SUCH BONDS, FUNDING OF RESERVES
 REQUIRED IN CONNECTION WITH SUCH BONDS, AND  THE  PAYMENT  OF  COSTS  OF
 ISSUANCE  RELATED  TO  SUCH  BONDS.  TO THE EXTENT MONEYS IN THE TRANSIT
 INFRASTRUCTURE IMPROVEMENT ACCOUNT HAVE BEEN PLEDGED BY THE AUTHORITY TO
 SECURE THE  PAYMENT  OF  PRINCIPAL  AND  INTEREST  ON  BONDS  AS  HEREIN
 PROVIDED,  MONEYS  DEPOSITED  INTO  THE NEW YORK CITY DEDICATED PERSONAL
 INCOME TAX SURCHARGE FUND SHALL FIRST  BE  DEPOSITED  INTO  THE  TRANSIT
 INFRASTRUCTURE ACCOUNT TO THE EXTENT NECESSARY TO MAKE PAYMENTS PURSUANT
 TO PARAGRAPH (B) OF THIS SUBDIVISION. AFTER MAKING SUCH PAYMENTS, MONEYS
 DEPOSITED  IN  THE  TRANSIT  INFRASTRUCTURE IMPROVEMENT ACCOUNT SHALL BE
 USED TO FUND PROJECTS THAT MEET THE CRITERIA IDENTIFIED IN PARAGRAPH (A)
 OF THIS SUBDIVISION.
   4. THE STATE DOES HEREBY PLEDGE AND AGREE  WITH  THE  HOLDERS  OF  ANY
 ISSUE  OF BONDS SECURED BY PLEDGE DESCRIBED IN PARAGRAPH (B) OF SUBDIVI-
 SION THREE OF THIS SECTION THAT THE STATE WILL NOT LIMIT  OR  ALTER  THE
 RIGHTS  HEREBY  VESTED  IN  THE METROPOLITAN TRANSPORTATION AUTHORITY TO
 FULFILL THE TERMS OF ANY AGREEMENTS MADE WITH  BONDHOLDERS  PURSUANT  TO
 THIS TITLE, OR IN ANY WAY IMPAIR THE RIGHTS AND REMEDIES OF SUCH HOLDERS
 OR  THE  SECURITY  FOR  SUCH  BONDS  UNTIL SUCH BONDS ARE FULLY PAID AND
 DISCHARGED. NOTHING  CONTAINED  IN  THIS  SECTION  SHALL  BE  DEEMED  TO
 RESTRICT  THE  RIGHT  OF THE STATE TO AMEND, MODIFY, REPEAL OR OTHERWISE

 S. 6830--B                          3
 
 ALTER STATUTES IMPOSING OR RELATING TO THE TAXES PAYABLE TO THE NEW YORK
 CITY TRANSITIONAL FINANCE AUTHORITY PURSUANT TO SECTION THIRTEEN HUNDRED
 THIRTEEN OF THE TAX LAW, BUT SUCH TAXES SHALL IN ALL EVENTS CONTINUE  TO
 BE  SO  PAYABLE  SO  LONG AS ANY SUCH TAXES ARE IMPOSED. NOTHING IN THIS
 SECTION SHALL BE DEEMED TO OBLIGATE THE STATE  TO  MAKE  ANY  ADDITIONAL
 PAYMENTS  OR IMPOSE ANY TAXES TO SATISFY THE DEBT SERVICE OBLIGATIONS OF
 THE METROPOLITAN TRANSPORTATION AUTHORITY.
   5. MONEYS IN THE LOW-INCOME RESIDENT REDUCED  FARE  ACCOUNT  SHALL  BE
 USED  TO FUND THE HALF-FARE RATE PROGRAM FOR LOW-INCOME RESIDENTS OF THE
 CITY OF NEW YORK PURSUANT TO SUBDIVISION NINE OF SECTION TWELVE  HUNDRED
 FIVE OF THIS ARTICLE AND MAY BE USED FOR PAYMENT OF THE REASONABLE OPER-
 ATING  COSTS  INCURRED  BY  THE  NEW YORK CITY TRANSIT AUTHORITY FOR THE
 ADMINISTRATION OF THE HALF-FARE RATE PROGRAM, PROVIDED THAT NO MORE THAN
 ONE PERCENT OF THE MONEYS DEPOSITED INTO THE LOW-INCOME RESIDENT REDUCED
 FARE ACCOUNT PURSUANT TO SUBDIVISION SIX OF THIS SECTION SHALL  BE  USED
 FOR SUCH COSTS.
   6.  THE  MONEYS DEPOSITED INTO THE FUND FROM THE NEW YORK CITY TRANSI-
 TIONAL FINANCE AUTHORITY SHALL BE EQUALLY DIVIDED  BETWEEN  THE  TRANSIT
 INFRASTRUCTURE  IMPROVEMENT  ACCOUNT AND THE LOW-INCOME RESIDENT REDUCED
 FARE ACCOUNT.
   7. TWICE EACH CALENDAR YEAR, THE MAYOR OF THE CITY OF NEW  YORK  SHALL
 CONDUCT  A  REVIEW  OF THE AMOUNT OF MONEYS DEPOSITED IN EACH OF THE TWO
 ACCOUNTS. TO THE EXTENT SUCH REVIEW INDICATES THAT:
   A. THE MONEYS IN THE TRANSIT INFRASTRUCTURE  IMPROVEMENT  ACCOUNT  ARE
 SUFFICIENT  TO  SATISFY THE REQUIREMENTS OF ANY DEBT SERVICE INCURRED IN
 SUCH CALENDAR YEAR AS A RESULT OF OBLIGATIONS ISSUED AND SECURED  PURSU-
 ANT  TO PARAGRAPH B OF SUBDIVISION THREE OF THIS SECTION, AND THE MONEYS
 IN THE LOW-INCOME RESIDENT REDUCED  FARE  ACCOUNT  ARE  INSUFFICIENT  TO
 SATISFY  THE TOTAL NEEDS OF THE LOW-INCOME RESIDENT REDUCED FARE PROGRAM
 ESTABLISHED PURSUANT TO SUBDIVISION NINE OF SECTION TWELVE HUNDRED  FIVE
 OF  THIS  ARTICLE,  THE  MAYOR  OF THE CITY OF NEW YORK, OR SUCH MAYOR'S
 DESIGNEE, MAY DIRECT THE METROPOLITAN TRANSPORTATION AUTHORITY TO TRANS-
 FER A  SPECIFIED  AMOUNT  OF  MONEYS  FROM  THE  TRANSIT  INFRASTRUCTURE
 IMPROVEMENT ACCOUNT TO THE LOW-INCOME RESIDENT REDUCED FARE ACCOUNT; AND
   B.  THE  MONEYS  IN  THE  LOW-INCOME RESIDENT REDUCED FARE ACCOUNT ARE
 SUFFICIENT TO SATISFY THE NEEDS OF THE HALF-FARE RATE PROGRAM  FOR  LOW-
 INCOME  RESIDENTS OF THE CITY OF NEW YORK ESTABLISHED PURSUANT TO SUBDI-
 VISION NINE OF SECTION TWELVE HUNDRED FIVE  OF  THIS  ARTICLE,  IN  SUCH
 CALENDAR YEAR, THE MAYOR OF THE CITY OF NEW YORK, OR SUCH MAYOR'S DESIG-
 NEE,  MAY DIRECT THE METROPOLITAN TRANSPORTATION AUTHORITY TO TRANSFER A
 SPECIFIED AMOUNT OF MONEYS FROM THE  LOW-INCOME  RESIDENT  REDUCED  FARE
 ACCOUNT TO THE TRANSIT INFRASTRUCTURE IMPROVEMENT ACCOUNT.
   §  3.  Subdivision 5 of section 2799-hh of the public authorities law,
 as added by chapter 16 of the laws  of  1997,  is  amended  to  read  as
 follows:
   5. Tax revenues received by the authority pursuant to section thirteen
 hundred  thirteen of the tax law, together with any alternative revenues
 received by the authority, shall be applied in the  following  order  of
 priority:  first pursuant to the authority's contracts with bondholders,
 then to pay the authority's operating expenses  not  otherwise  provided
 for,  THEN TO A DEDICATED PERSONAL INCOME TAX SURCHARGE FUND PURSUANT TO
 SUBSECTION (D) OF SECTION THIRTEEN HUNDRED FOUR-E OF THE TAX LAW IN  THE
 AMOUNT  PROVIDED  FOR IN SUCH SECTION, and then pursuant to the authori-
 ty's agreements with  the  city,  which  agreements  shall  require  the
 authority  to  transfer  the  balance of such taxes not required to meet

 S. 6830--B                          4
 
 contractual or other  obligations  of  the  authority  to  the  city  as
 frequently as practicable.
   §  4. The tax law is amended by adding a new section 1304-E to read as
 follows:
   § 1304-E. TAX SURCHARGE FOR TRANSIT  INFRASTRUCTURE  IMPROVEMENTS  AND
 REDUCED  FARES  FOR LOW-INCOME RESIDENTS OF THE CITY OF NEW YORK. (A) IN
 ADDITION TO THE TAXES AUTHORIZED BY SUBSECTION (A) OF  SECTION  THIRTEEN
 HUNDRED  ONE  OF  THIS  ARTICLE,  ANY CITY IMPOSING SUCH TAXES IS HEREBY
 AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND LOCAL LAWS IMPOSING  IN  ANY
 SUCH  CITY FOR EACH TAXABLE YEAR BEGINNING AFTER TWO THOUSAND SEVENTEEN,
 A TAX SURCHARGE ON THE CITY TAXABLE  INCOME  OF  CERTAIN  CITY  RESIDENT
 INDIVIDUALS, ESTATES AND TRUSTS.
   (B)  A TAX SURCHARGE IMPOSED PURSUANT TO THE AUTHORITY OF THIS SECTION
 SHALL BE DETERMINED AS FOLLOWS:
   (1) RESIDENT MARRIED INDIVIDUALS FILING  JOINT  RETURNS  AND  RESIDENT
 SURVIVING  SPOUSES.  THE  TAX  SURCHARGE  UNDER THIS SECTION ON THE CITY
 TAXABLE INCOME OF CERTAIN CITY RESIDENT MARRIED INDIVIDUALS WHO  MAKE  A
 SINGLE  RETURN  JOINTLY  WITH  HIS OR HER SPOUSE UNDER SUBSECTION (B) OF
 SECTION THIRTEEN HUNDRED SIX OF THIS ARTICLE AND  ON  THE  CITY  TAXABLE
 INCOME OF CERTAIN CITY RESIDENT SURVIVING SPOUSES SHALL BE DETERMINED IN
 ACCORDANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:        THE TAX SURCHARGE IS:
   OVER $1,000,000                       .534% OF EXCESS OVER $1,000,000
   (2) RESIDENT HEADS OF HOUSEHOLDS. THE TAX SURCHARGE UNDER THIS SECTION
 ON  THE CITY TAXABLE INCOME OF CERTAIN CITY RESIDENT HEADS OF HOUSEHOLDS
 SHALL BE DETERMINED IN ACCORDANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:           THE TAX SURCHARGE IS:
   OVER $750,000                            .534% OF EXCESS OVER $750,000
   (3)  RESIDENT  UNMARRIED  INDIVIDUALS,  RESIDENT  MARRIED  INDIVIDUALS
 FILING  SEPARATE  RETURNS  AND  RESIDENT  ESTATES  AND  TRUSTS.  THE TAX
 SURCHARGE UNDER THIS SECTION ON THE CITY TAXABLE INCOME OF CERTAIN  CITY
 RESIDENT  INDIVIDUALS  WHO ARE NOT CITY RESIDENT MARRIED INDIVIDUALS WHO
 MAKE A SINGLE RETURN JOINTLY WITH HIS OR HER SPOUSE UNDER SUBSECTION (B)
 OF SECTION THIRTEEN HUNDRED SIX OF THIS ARTICLE OR CITY  RESIDENT  HEADS
 OF  HOUSEHOLDS OR CITY RESIDENT SURVIVING SPOUSES, AND ON THE CITY TAXA-
 BLE INCOME OF CERTAIN CITY RESIDENT ESTATES AND TRUSTS SHALL  BE  DETER-
 MINED IN ACCORDANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:           THE TAX SURCHARGE IS:
   OVER $500,000                            .534% OF EXCESS OVER $500,000
   (C)  A TAX SURCHARGE IMPOSED PURSUANT TO THE AUTHORITY OF THIS SECTION
 SHALL BE ADMINISTERED AND COLLECTED IN THE  SAME  MANNER  AS  THE  TAXES
 IMPOSED  PURSUANT  TO  THE  AUTHORITY  OF  THIS  ARTICLE, AND ALL OF THE
 PROVISIONS OF THIS ARTICLE,  INCLUDING  SECTION  THIRTEEN  HUNDRED  TEN,
 SHALL  APPLY  TO  THE TAX SURCHARGE IMPOSED PURSUANT TO THE AUTHORITY OF
 THIS SECTION.
   (D) SUBJECT TO THE PRIORITY OF PAYMENTS IDENTIFIED IN SECTION  TWENTY-
 SEVEN HUNDRED NINETY-NINE-HH OF THE PUBLIC AUTHORITIES LAW, THE NEW YORK
 CITY  TRANSITIONAL  FINANCE AUTHORITY SHALL TRANSFER TO THE METROPOLITAN
 TRANSPORTATION AUTHORITY THE AMOUNT ESTIMATED BY THE MAYOR OF  THE  CITY
 OF  NEW YORK TO BE THE AMOUNT RECEIVED BY THE NEW YORK CITY TRANSITIONAL
 FINANCE AUTHORITY FROM THE TAX SURCHARGE IMPOSED PURSUANT TO THE AUTHOR-
 ITY OF THIS SECTION, UP TO THE TOTAL AMOUNT  AVAILABLE  AFTER  DEDUCTING
 FROM REVENUES RECEIVED BY THE NEW YORK CITY TRANSITIONAL FINANCE AUTHOR-

 S. 6830--B                          5
 
 ITY  PURSUANT  TO  THIS  SECTION  AND SUBSECTION (C) OF SECTION THIRTEEN
 HUNDRED THIRTEEN OF THIS ARTICLE AMOUNTS TO BE PAID PURSUANT TO THE  NEW
 YORK  CITY  TRANSITIONAL  FINANCE AUTHORITY'S CONTRACTS WITH BONDHOLDERS
 AND  THE  NEW  YORK  CITY  TRANSITIONAL  FINANCE  AUTHORITY'S  OPERATING
 EXPENSES NOT OTHERWISE PROVIDED FOR. AFTER THE MAYOR OF THE CITY OF  NEW
 YORK HAS RECEIVED DATA FROM THE DEPARTMENT ALLOWING SUCH MAYOR TO DETER-
 MINE THE ACTUAL AMOUNT OF REVENUES RECEIVED BY THE NEW YORK CITY TRANSI-
 TIONAL  FINANCE  AUTHORITY  THAT  ARE  ATTRIBUTABLE TO THE TAX SURCHARGE
 IMPOSED PURSUANT TO THE AUTHORITY OF  THIS  SECTION,  SUCH  MAYOR  SHALL
 INFORM  THE  NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY OF SUCH ACTUAL
 AMOUNT, MINUS ANY ACTUAL OPERATING COSTS ASSUMED BY THE CITY OF NEW YORK
 ATTRIBUTABLE TO THE HALF-FARE RATE PROGRAM PURSUANT TO SUBDIVISION  NINE
 OF  SECTION  TWELVE  HUNDRED FIVE OF THE PUBLIC AUTHORITIES LAW, AND THE
 NEW YORK CITY TRANSITIONAL  FINANCE  AUTHORITY  SHALL  ADJUST  THE  NEXT
 PAYMENT TO BE MADE TO THE METROPOLITAN TRANSPORTATION AUTHORITY PURSUANT
 TO  THIS  SECTION  TO  REFLECT ANY DIFFERENCE BETWEEN SUCH ACTUAL AMOUNT
 MINUS SUCH OPERATING COSTS AND THE ESTIMATE PREVIOUSLY PROVIDED BY  SUCH
 MAYOR.
   (E)  ANY  REVENUES  TRANSFERRED  TO  THE  METROPOLITAN  TRANSPORTATION
 AUTHORITY PURSUANT TO SUBSECTION (D) OF THIS SECTION SHALL BE PAID  INTO
 A  DEDICATED  PERSONAL  INCOME TAX SURCHARGE FUND TO BE USED EXCLUSIVELY
 FOR THE FINANCING OF TRANSIT  INFRASTRUCTURE  IMPROVEMENTS  AND  REDUCED
 FARES  FOR  LOW-INCOME  RESIDENTS  OF THE CITY OF NEW YORK IN ACCORDANCE
 WITH THE PROVISIONS OF SECTION TWELVE HUNDRED SEVENTY-I  OF  THE  PUBLIC
 AUTHORITIES  LAW.  SUCH  REVENUES  SHALL  ONLY  SUPPLEMENT AND SHALL NOT
 SUPPLANT ANY FEDERAL, STATE, OR LOCAL FUNDS EXPENDED BY THE METROPOLITAN
 TRANSPORTATION AUTHORITY FOR NEW YORK CITY TRANSIT AUTHORITY, THE METRO-
 POLITAN TRANSPORTATION AUTHORITY BUS  COMPANY  OR  STATEN  ISLAND  RAPID
 TRANSIT  OPERATING  AUTHORITY PROJECTS, AND SHALL NOT AFFECT ANY PAYMENT
 BY THE CITY OF NEW YORK PURSUANT TO AGREEMENTS RELATING TO THE METROPOL-
 ITAN TRANSPORTATION AUTHORITY BUS COMPANY AND STATEN ISLAND RAPID TRANS-
 IT OPERATING AUTHORITY.
   § 5. Paragraphs 1 and 2 of subsection (e) of section 1310 of  the  tax
 law, as added by chapter 481 of the laws of 1997, are amended to read as
 follows:
   (1)  Notwithstanding  any  other provision of law to the contrary, any
 city imposing  a  tax  under  this  article  is  hereby  authorized  and
 empowered  to  adopt and amend local laws for any taxable year beginning
 after nineteen hundred ninety-seven, as specified in  such  local  laws,
 providing  for  a credit as provided in paragraph two of this subsection
 against the taxes imposed pursuant to the authority granted  by  section
 thirteen  hundred  one of this article on the city taxable income deter-
 mined pursuant to  sections  thirteen  hundred  four,  thirteen  hundred
 four-A  [and],  thirteen  hundred  four-B AND THIRTEEN HUNDRED FOUR-E of
 this article and on the ordinary income portion of a lump  sum  distrib-
 ution  determined  pursuant  to  section  thirteen hundred one-B of this
 article, to any city resident individual, estate  or  trust  whose  city
 adjusted gross income includes income, gain, loss or deductions from one
 or  more unincorporated businesses conducted by such city resident indi-
 vidual, estate or trust on which a tax is imposed  by  chapter  five  of
 title  eleven  of  the administrative code of the city of New York, or a
 distributive share of income, gain, loss and deductions of,  or  guaran-
 teed  payments  from, one or more partnerships on which a tax is imposed
 by such chapter. Any such local laws may contain  provisions  to  ensure
 that  such credit shall not reduce the tax paid by a city resident below

 S. 6830--B                          6
 
 that which would be paid by such city resident  if  such  city  resident
 were a city nonresident.
   (2)  (A)  Subject  to  the limitation set forth in subparagraph (B) of
 this paragraph, the credit allowed to a  taxpayer  for  a  taxable  year
 shall be equal to all or a portion of the amount determined in paragraph
 three  of  this subsection, provided, however, such portion shall not be
 less than:
   (i) If the city taxable income is forty-two thousand dollars or  less,
 sixty-five  percent  of the amount determined in paragraph three of this
 subsection.
   (ii) If the city taxable income is  greater  than  forty-two  thousand
 dollars  but  not greater than one hundred forty-two thousand dollars, a
 percentage  of  the  amount  determined  in  paragraph  three  of   this
 subsection  to be determined by subtracting from sixty-five percent, one
 tenth of a percentage point (.001) for every increment  of  two  hundred
 dollars, or fractional part thereof, of city taxable income in excess of
 forty-two thousand dollars.
   (iii) If the city taxable income is greater than one hundred forty-two
 thousand  dollars, fifteen percent of the amount determined in paragraph
 three of this subsection.
   (B) Notwithstanding anything to the contrary in  subparagraph  (A)  of
 this  paragraph,  the  credit  allowed  to a taxpayer for a taxable year
 under this subsection shall not exceed the sum of the taxes  that  would
 otherwise  be imposed on such taxpayer for such taxable year pursuant to
 the authority granted by section thirteen hundred one of this article on
 the city taxable income determined pursuant to sections thirteen hundred
 four, thirteen hundred four-A [and], thirteen hundred four-B  AND  THIR-
 TEEN  HUNDRED  FOUR-E of this article and on the ordinary income portion
 of a lump sum  distribution  determined  pursuant  to  section  thirteen
 hundred  one-B  of  this article, reduced by the credits allowed to such
 taxpayer pursuant to subsections (a), (c) and (d) of this section.
   § 6. The opening paragraph of subsection (c) of section  1313  of  the
 tax  law, as amended by section 8 of part C of chapter 58 of the laws of
 2005, is amended to read as follows:
   Subject to the provisions of subsection (g) of this section, the comp-
 troller, after reserving such refund fund and such costs shall, commenc-
 ing on or before the fifteenth day of each month, pay to  the  New  York
 city  transitional  finance  authority  on  a daily basis the balance of
 taxes imposed pursuant to the authority of this article or former  arti-
 cle two-E of the general city law to be applied by the authority, in the
 following order of priority: first pursuant to the authority's contracts
 with  bondholders,  then  to  pay the authority's operating expenses not
 otherwise  provided  for,  THEN  TO  A  DEDICATED  PERSONAL  INCOME  TAX
 SURCHARGE  FUND  PURSUANT  TO SUBSECTION (D) OF SECTION THIRTEEN HUNDRED
 FOUR-E OF THIS ARTICLE and then pursuant to the  authority's  agreements
 with  the city, which agreements shall require the authority to transfer
 the balance of such taxes not required  to  meet  contractual  or  other
 obligations  of  the authority to the city as frequently as practicable;
 except that the comptroller shall:
   § 7. The administrative code of the city of New  York  is  amended  by
 adding a new section 11-1704.2 to read as follows:
   §  11-1704.2 TAX SURCHARGE FOR TRANSIT INFRASTRUCTURE IMPROVEMENTS AND
 REDUCED FARES FOR LOW-INCOME RESIDENTS OF THE CITY. (A) IN  ADDITION  TO
 THE TAXES IMPOSED BY SECTIONS 11-1701, 11-1703, 11-1704 AND 11-1704.1 OF
 THIS SUBCHAPTER, THERE IS HEREBY IMPOSED FOR EACH TAXABLE YEAR BEGINNING

 S. 6830--B                          7
 
 AFTER TWO THOUSAND SEVENTEEN, A TAX SURCHARGE ON THE CITY TAXABLE INCOME
 OF CERTAIN CITY RESIDENT INDIVIDUALS, ESTATES AND TRUSTS.
   (B) THE TAX SURCHARGE IMPOSED PURSUANT TO THIS SECTION SHALL BE DETER-
 MINED AS FOLLOWS:
   (1)  RESIDENT  MARRIED  INDIVIDUALS  FILING JOINT RETURNS AND RESIDENT
 SURVIVING SPOUSES. THE TAX SURCHARGE UNDER  THIS  SECTION  ON  THE  CITY
 TAXABLE  INCOME  OF CERTAIN CITY RESIDENT MARRIED INDIVIDUALS WHO MAKE A
 SINGLE RETURN JOINTLY WITH HIS OR HER SPOUSE UNDER  SUBDIVISION  (B)  OF
 SECTION  11-1751  OF  THIS  CHAPTER  AND  ON  THE CITY TAXABLE INCOME OF
 CERTAIN CITY RESIDENT SURVIVING SPOUSES SHALL BE DETERMINED  IN  ACCORD-
 ANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:        THE TAX SURCHARGE IS:
   OVER $1,000,000                       .534% OF EXCESS OVER $1,000,000
   (2) RESIDENT HEADS OF HOUSEHOLDS. THE TAX SURCHARGE UNDER THIS SECTION
 ON  THE CITY TAXABLE INCOME OF CERTAIN CITY RESIDENT HEADS OF HOUSEHOLDS
 SHALL BE DETERMINED IN ACCORDANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:           THE TAX SURCHARGE IS:
   OVER $750,000                            .534% OF EXCESS OVER $750,000
   (3)  RESIDENT  UNMARRIED  INDIVIDUALS,  RESIDENT  MARRIED  INDIVIDUALS
 FILING  SEPARATE  RETURNS  AND  RESIDENT  ESTATES  AND  TRUSTS.  THE TAX
 SURCHARGE UNDER THIS SECTION ON THE CITY TAXABLE INCOME OF CERTAIN  CITY
 RESIDENT  INDIVIDUALS  WHO ARE NOT CITY RESIDENT MARRIED INDIVIDUALS WHO
 MAKE A SINGLE RETURN JOINTLY WITH HIS OR HER  SPOUSE  UNDER  SUBDIVISION
 (B)  OF SECTION 11-1751 OF THIS CHAPTER OR CITY RESIDENT HEADS OF HOUSE-
 HOLDS OR CITY RESIDENT SURVIVING SPOUSES, AND ON THE CITY TAXABLE INCOME
 OF CERTAIN CITY RESIDENT ESTATES  AND  TRUSTS  SHALL  BE  DETERMINED  IN
 ACCORDANCE WITH THE FOLLOWING TABLE:
   FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND SEVENTEEN:
   IF THE CITY TAXABLE INCOME IS:           THE TAX SURCHARGE IS:
   OVER $500,000                            .534% OF EXCESS OVER $500,000
   (C) THE TAX SURCHARGE IMPOSED PURSUANT TO THIS SECTION SHALL BE ADMIN-
 ISTERED  AND  COLLECTED IN THE SAME MANNER AS THE TAXES IMPOSED PURSUANT
 TO SECTIONS 11-1701,  11-1703,  11-1704  AND  11-1704.1,  AND  SHALL  BE
 DISTRIBUTED  IN  ACCORDANCE WITH SUBSECTION (D) OF SECTION 1304-E OF THE
 TAX LAW, AND ALL OF THE PROVISIONS OF THIS  CHAPTER,  INCLUDING  SECTION
 11-1706  OF  THIS  SUBCHAPTER,  AND SECTIONS 11-1721 AND 11-1773 OF THIS
 CHAPTER, SHALL APPLY TO THE  TAX  SURCHARGE  IMPOSED  PURSUANT  TO  THIS
 SECTION.
   §  8.  Paragraphs 1 and 2 of subdivision (c) of section 11-1706 of the
 administrative code of the city of New York, as added by chapter 481  of
 the  laws  of  1997, subparagraph (A) of paragraph 2 as amended by local
 law number 35 of the city of New York for the year 2007, are amended  to
 read as follows:
   (1)  A  city  resident individual, estate or trust whose city adjusted
 gross income includes income, gain, loss or deductions from one or  more
 unincorporated  businesses  conducted  by such city resident individual,
 estate or trust that are subject to the tax imposed by chapter  five  of
 this title, or a distributive share of income, gain, loss and deductions
 of,  or  guaranteed  payments  from,  one  or more partnerships that are
 subject to the tax imposed by such chapter, shall be allowed a credit as
 provided in paragraph two of this subdivision against the tax  otherwise
 due  under  sections  11-1701,  11-1703,  11-1704  [and],  11-1704.1 AND
 11-1704.2 of this [chapter] SUBCHAPTER.

 S. 6830--B                          8
 
   (2) (A) Subject to the limitation set forth  in  subparagraph  (B)  of
 this  paragraph,  the  credit  allowed  to a taxpayer for a taxable year
 under this subdivision shall be determined as follows:
   (i)  For  taxable  years beginning on or after January first, nineteen
 hundred ninety-seven and before January first, two thousand seven:
   (I) If the city taxable income is forty-two thousand dollars or  less,
 the credit shall be sixty-five percent of the amount determined in para-
 graph three of this subdivision.
   (II)  If  the  city  taxable income is greater than forty-two thousand
 dollars but not greater than one hundred forty-two thousand dollars, the
 amount of the credit shall be a percentage of the amount  determined  in
 paragraph three of this subdivision, such percentage to be determined by
 subtracting  from  sixty-five  percent,  one-tenth of a percentage point
 (.001) for every increment of two hundred dollars,  or  fractional  part
 thereof, of city taxable income in excess of forty-two thousand dollars.
   (III) If the city taxable income is greater than one hundred forty-two
 thousand  dollars,  the  credit  shall  be fifteen percent of the amount
 determined in paragraph three of this subdivision.
   (ii) For taxable years beginning on or after January first, two  thou-
 sand seven:
   (I)  If the city taxable income is forty-two thousand dollars or less,
 the credit shall be one hundred percent  of  the  amount  determined  in
 paragraph three of this subdivision.
   (II)  If  the  city  taxable income is greater than forty-two thousand
 dollars but less than one hundred forty-two thousand dollars, the amount
 of the credit shall be a percentage of the amount  determined  in  para-
 graph  three  of  this  subdivision, such percentage to be determined by
 subtracting  from  one  hundred  percent,  a  percentage  determined  by
 subtracting  forty-two thousand dollars from city taxable income, divid-
 ing the result by one hundred thousand dollars and multiplying by seven-
 ty-seven percent.
   (III) If the city taxable income is  one  hundred  forty-two  thousand
 dollars  or  greater,  the  credit  shall be twenty-three percent of the
 amount determined in paragraph three of this subdivision.
   (B) Notwithstanding anything to the contrary in  subparagraph  (A)  of
 this  paragraph,  the  credit  allowed  to a taxpayer for a taxable year
 under this subdivision shall not exceed the sum of the taxes that  would
 otherwise  be  imposed  by  sections  11-1701,  11-1703,  11-1704 [and],
 11-1704.1 AND 11-1704.2 of this [chapter] SUBCHAPTER  on  such  taxpayer
 for  such  taxable year after the allowance of any other credits allowed
 by this section or section 11-1721 of this chapter.
   § 9. This act shall take effect immediately and  shall  be  deemed  to
 have  been  in  full  force  and  effect  on  and after January 1, 2018;
 provided that subdivision 9 of section 1205 of  the  public  authorities
 law,  as  added by section one of this act, shall take effect January 1,
 2019.

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Senate Bill S6830B

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Sponsored By

Michael Gianaris

Archive: Last Bill Status - In Senate Committee Transportation Committee

Bill Amendments

2017-S6830 - Details

2017-S6830 - Summary

2017-S6830 - Sponsor Memo

2017-S6830 - Bill Text download pdf

2017-S6830A - Details

2017-S6830A - Summary

2017-S6830A - Sponsor Memo

2017-S6830A - Bill Text download pdf

2017-S6830B (ACTIVE) - Details

2017-S6830B (ACTIVE) - Summary

2017-S6830B (ACTIVE) - Sponsor Memo

2017-S6830B (ACTIVE) - Bill Text download pdf

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